Walmart scores another strong quarter amid coronavirus upheaval
Walmart scores another strong quarter amid coronavirus upheaval

New York (AFP) – Walmart reported another strong quarter Tuesday, pivoting during the coronavirus pandemic, with more consumers shifting to e-commerce and shopping less frequently but with bigger orders.Net income came in at $5.1 billion, up 56.2 percent from the year-ago period, following a 5.2 percent increase in sales to $134.7 billion in the quarter ending October 31, easily topping analyst estimates. Walmart has emerged as a winner during the disruption of Covid-19, notching huge sales during the spring lockdowns when it kept selling while “non-essential” stores were shuttered and strengt…

Read More

HEDGE accordingly