Walmart Investors Are Missing the Growth Story
Walmart (NYSE: WMT) delivered another strong earnings report on Tuesday, but there's no question which segment of its operations was the star in the fiscal 2021 third quarter.
E-commerce sales at Walmart U.S. jumped 79% year over year in Q3, making up 5.7% of its core segment's 6.4% comparable sales growth. That was a major driver in Walmart's strong overall performance as revenue rose 5.2% to $134.7 billion, ahead of analyst expectations at $132.2 billion. The company also saw consistent margin improvement across the business, and adjusted earnings per share rose from $1.16 to $1.34, also beating the consensus at $1.18 EPS.
Investors mostly shrugged off the news as the stock traded near flat on Tuesday after gaining nearly 30% year to date. This was another stellar report from the retail giant that shows its transition away from brick-and-mortar retail is accelerating.
Source Fool.com
