Strong growth in online grocery sales was among the highlights of Walmart’s second quarter performance.
“Walmart U.S. eCommerce sales growth of 37% includes strong growth in online grocery,” the company announced Aug. 15.
Walmart U.S. comp sales grew 2.8% in the quarter. The company also reports Q2 FY20 GAAP EPS of $1.26; Adjusted EPS of $1.27, led by strength at Walmart U.S. The company also announced it was raising expectations for fiscal 2020 U.S. comp sales, operating income and EPS.
Walmart U.S. comp sales increased on a two-year stacked basis by 7.3%, the strongest growth in 10 years.