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.