Walmart e-commerce sales grew by 74% and same-store sales jumped by 10% in first quarter.

  • Walmart hired 200,000 additional employees to clean stores, stock shelves and fulfill online orders during the pandemic.
  • Shoppers made fewer trips to the store, filled up bigger baskets and sought out groceries instead of items like apparel.
  • Tickets increased by 16% and transactions dropped by about 6% during the quarter.
  • Walmart reported net income rose to $3.99 billion, or $1.40 per share, from $3.84 billion, or $1.33 cents a share, a year earlier. Excluding items, Walmart earned $1.18 per share. Analysts were expecting Walmart would earn $1.12 per share.
  • Total revenues grew by 8.6% to $134.62 billion from $123.9 billion a year earlier, exceeding Wall Street’s expectations of $132.80 billion.
  • Walmart joined many other companies in withdrawing its financial outlook.