Article Hero

Walmart thrived during the pandemic

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The pandemic was good for Walmart

Walmart posted higher-than-expected Q2 earnings today, exceeding analysts' outlook. 

The store chain's revenue came in at $137.74 billion, topping the $135.57 billion expected. During the same time last year, it had a revenue of $130.38 billion. The company's net income came in at $6.48 billion, almost double than last year's $3.61 billion. 

The adjusted EPS was $1.56, outperforming the $1.25 forecasted. 

Same-store sales in the US rose 9.3%, the increase being boosted by food and general merchandise. The expected growth was 5.4%.  

In the US, online sales numbers almost doubled from last year's, coming in at 97%.

The retailer spent around $1.5 billion on costs related to the pandemic, as it hired more than 400,000 workers to clean, disinfect, and fulfill online orders. 

Walmart didn't provide any financial outlook for the rest of the year, given the current global situation. 

At the moment of writing, Walmart's stock price is trading at -0.60%. 

Since the beginning of the week, Walmart stock gained 14.1%, while USA30 lost 2.4%. 

Read other financial reports on!


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?


Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.