News

Walmart beats earnings expectations, rosy outlook ahead

February 19, 2019

Walmart enjoyed a 43 percent increase in e-commerce sales in the fourth quarter and its sales and earnings bested industry watcher expectations.

In response shares jumped 5 percent, according to a CNBC report.

The retailer does not expect much to change as it's maintaining projected sales for the year. On the revenue side Walmart took in $138.79 billion, compared to an expected $138.65 billion, and same-store U.S. sales increased 4.2 percent, a full percent over projections.

Walmart expects U.S. same-store sales to climb 2.5 to 3 percent for the year, noted the report, and e-commerce sales growth of 35 percent for fiscal 2020.