Walmart Earnings Show How to Play the Supply-Chain Crisis
Walmart (NYSE: WMT) just trounced third-quarter estimates.
Despite supply-chain woes, the world's largest company by revenue posted 9.2% comparable-store sales growth in the U.S., good for a two-year growth rate of 15.6%. Sales at Sam's Club were even stronger with comps jumping 13.9% or 25% on a two-year basis.
Overall revenue rose 4.3% to $140.5 billion, easily beating estimates of $135.6 million. Excluding businesses that the company divested overseas in the past year, revenue was up 12%. On the bottom line, adjusted earnings per share increased from $1.34 to $1.45, outpacing expectations of $1.40.
Source Fool.com
