Retail News

Walmart beats high expectations, raises its forecast

Yahoo Finance 05/18/2021

Walmart posted a 6.2 percent gain in same-store sales during the first quarter as its e-commerce business grew 37 percent. The retailer also raised its sales and earnings outlook for the year. “We have a strong position as our store environment improves and e-commerce continues to grow,” McMillon added. “Stimulus in the U.S. had an impact, and the second half has more uncertainty than a typical year. We anticipate continued pent-up demand throughout 2021.”

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