Pinwan, August 18, data shows that in the second quarter, Walmart’s total revenue was US$152.9 billion, an increase of 8.4% year-on-year; Q2 operating profit was US$6.9 billion.
Walmart China’s Q2 net sales increased by 15.9% and comparable sales increased by 14.1%; Sam’s Club and e-commerce businesses performed well. Among them, Walmart China’s Q2 e-commerce net sales increased by 77%, and the two-year superimposed growth rate was 152%.
The company now expects U.S. same-store sales, excluding fuel, to grow about 3% in the second half of the year and about 4% for the full year; full-year adjusted EPS is expected to decline 9%-11%.
Walmart’s reputation as a discount retailer also attracts more middle- and upper-income shoppers: About three-quarters of the company’s food market share gains came from customers with household incomes of $100,000 or more, said Walmart Chief Financial Officer John David Rainey. .
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