Walmart's second-quarter earnings exceeded expectations, with $169.3 billion in revenue. CEO Doug McMillon emphasized the strength and growth across all business segments, revealing operational resilience.
The company reported an adjusted EPS of $0.67, beating analysts' estimate of $0.65. This success came from improved gross margins and a significant reduction in eCommerce losses.
Walmart's eCommerce sales surged 21%, with significant growth in store-fulfilled services. The jump in advertising revenue indicates Walmart's keen adaptation to digital marketing trends.
With ongoing share repurchases, Walmart aims to enhance shareholder value, reflecting strong confidence in its financial health and business performance moving forward.
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