The 4 Stages of Pandemic Shopping as Illustrated by Walmart's Earnings

Walmart (NYSE: WMT) is the world's biggest retailer, so it had a unique perspective into how shopping patterns changed as COVID-19 containment measures spread across the country. The overall sales impact was positive for the business, even though expenses surged in categories like labor, cleaning and sanitation, and digital fulfillment.

In a conference call with Wall Street analysts, Walmart detailed the huge spending shifts that executives noticed this quarter, which often varied dramatically by week. They broke down into a few clear stages of pandemic-driven demand.

Let's take a closer look.

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Source Fool.com