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Walmart earnings jump 80 per cent to USD 3.8 bn, US sales strong

AFP  |  New York 

reported a jump in first-quarter earnings Thursday on higher US store sales and eCommerce growth following heavy investment in new "omnichannel"

The world's biggest retailer reported profits of USD 3.8 billion.

That's an increase of 80 per cent from the year-ago period when results were dented by a one-time earnings hit following US tax reform.

Shares rose in pre-market trading.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 16 2019. 17:11 IST