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Walmart Is Firing On All Cylinders And That Includes Its Newer Businesses That Go Beyond Groceries

Benzinga ·  May 17 20:49

On Thursday, Walmart Inc (NYSE:WMT) surpassed estimates with fiscal first quarter earnings and revenue expectations. The discounter significantly expanded its e-commerce sales and boosted profits with newer businesses, including advertising and its efforts to appeal to more affluent shoppers in order to fight off rivals like Amazon.com Inc (NASDAQ:AMZN). While Walmart is the nation's biggest retailer, Amazon leads when it comes to e-commerce, but Walmart is determined to stop being the underdog in this rare arena as well as to grow outside groceries.

Fiscal First Quarter Highlights

For the quarter ended on April 30th, the...

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