Gains all across the board for Walmart in Q3

By: Miguel A. Rodriguez

12:57, 18 November 2020

Walmart posted Q3 earnings that topped expectations

One of the world's largest retailers – Walmart posted Q3 2020 earnings that came in higher than expected.

In Q3, Walmart had an EPS of $1.34, topping the $1.18 anticipated. The revenue also came higher than the $132 billion forecasted at $134.7 billion. Moreover, the US e-commerce surged 79% in the quarter.

Walmart's net sales figures came in at $29.6 billion, marking a 1.3% increase from last year's numbers.

The report came after the company announced that it sold a majority part of its stake in Japan's Seiyu after buying it in 2002. Moreover, Walmart is looking to close a $1.65 billion deal with KKR and Rakuten. The deal implies that KKP will buy 65% of Seiyu, while Rakuten will purchase a 20% stake. Walmart will have left a 15% stake in the abovementioned company.

Year-to-date, the Walmart stock price gained 28%, while USA30 went up 4.95%.

Read more about how other companies have performed in the past quarter here!


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