Revenue and profit exceeded expectations! Walmart's second quarter revenue was $141.05 billion!

Walmart announced its second-quarter earnings report on August 17. Thanks to further development in the grocery field and good performance in the back-to-school season, its second-quarter performance exceeded Wall Street expectations. The following is a summary of Walmart's second-quarter earnings report:

• Revenue reached $141.05 billion, beating expectations of $136.63 billion. Revenue in the same period last year was $137.74 billion.

• Among them, sales in the US market reached US$98.129 billion; sales in the international market reached US$23.035 billion; and sales of Sam's Club reached US$18.644 billion.

• Online sales in the United States grew 6%, higher than the expected 3% increase, more than double the same period in 2019, but down 37% from the same period last year.

• Net income exceeded expectations at $4.28 billion, compared with $6.48 billion in the same period last year.

CEO Doug McMillon said Walmart has captured more market share in the grocery sector, one of its core businesses. Other new areas have also made encouraging progress, such as its third-party market has added thousands of online sellers, and Walmart's U.S. advertising sales in the second quarter almost doubled compared with the same period last year.

It is learned that this year Walmart completed the divestiture of its businesses in Argentina, the United Kingdom and Japan. The reduction of Walmart's international business reduced Walmart's total revenue in the first quarter by US$4.2 billion and its sales in the international market by US$4.2 million.

Editor ✎ Estella /

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