Walmart earnings beat as investments fuel sales growth, says in ‘good position’ to hit 2019 goals

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via cnbc:

* Earnings per share: $1.13, adjusted, vs. $1.02 expected
* Revenue: $123.93 billion vs. $125.03 billion expected
* U.S. same-store sales: growth of 3.4% vs. increase of 3.3% expected

“We’re continuing our transformation to become more of a digital enterprise,” CEO Doug McMillon said in prepared remarks.

E-commerce sales grew 37%, boosted by its home and fashion businesses, Walmart said. That was better than online sales growth of 33% a year ago, but moderated from a 43% increase during the holiday quarter.


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