Walmart shares soar on better-than-expected Q2 results and strong growth in eCommerce and membership sales.
Stock Earnings Results
August 19, 2024
Walmart's shares surged after the company reported better-than-expected Q2 results, with revenue growing 4.8% to $169.34 billion.
The retailer benefited from higher-income consumers seeking value amid inflation, leading to increased store sales and growth in its eCommerce, membership, and ad businesses.
Walmart also raised its full-year outlook.
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