Walmart (WMT) Tops Estimates, Lifts Outlook as Pandemic Demand Endures - Bloomberg

Walmart Inc.’s pandemic-driven gains in e-commerce slowed last quarter and profit margin fell, raising questions about the retailer’s ability to maintain momentum even after it topped Wall Street’s sales expectations.

The company’s U.S. online sales rose 6% in the second quarter, the company said Tuesday in a statement. That was down from earlier in the pandemic, when soaring e-commerce demand routinely resulted in high double-digit gains. Online orders contributed only 0.2% to Walmart’s U.S. comparable sales gain in the quarter, compared with 6% a year earlier.

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