Heard on the Street: Covid-19 is adding pressure to Walmart’s already compressed margins, but investors should look past that
Covid-19 is adding pressure to Walmart’s already compressed margins, but investors should look past that
President Trump threatens to permanently pull funding to the World Health Organization; The White House physician explains why the president is taking hydroxychloroquine; Moderna’s preliminary results raise hopes for a vaccine. WSJ’s Jason Bellini has the latest. Photo: Denis Balibouse/ReutersWalmart tries to live by its twin mottoes of Everyday Low Prices and Everyday Low Costs. The latter has been a challenge, but investors should take it in stride.
The retailer reported Tuesday that total revenue jumped to $134.6 billion for the fiscal first quarter, which ended April 30—an 8.6% increase compared with a year earlier. Both its top and bottom lines exceeded analysts’ expectations. Of particular note was Walmart’s e-commerce sales, which grew by 74% year-over-year—a substantial acceleration from the previous quarter’s...
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