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Walmart sales soar on consumer stockpiling and online shift

Usa covid-19 pandemic Government
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Walmart Inc. jumped on Tuesday after reporting coronavirus-related stockpiling led to a surge in quarterly sales, underscoring the company’s strong position amid widespread carnage in the U.S.

retail sector. Comparable-store sales, a key retail metric, increased 10% for U.S. Walmart stores in the period, compared with the 8.6% estimate compiled by Consensus Metrix.

That’s the fastest pace of growth in almost two decades. Profit in the quarter also beat expectations. Walmart’s results reinforce how Americans’ spending priorities rapidly shifted to staples and away from discretionary items with the onset of the Covid-19 pandemic, before pivoting back to items like office equipment, sporting goods and toys as the quarter wore on.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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