Walmart's e-commerce sales in the U.S. shot up by 74% and its same-store sales grew by 10% in Q1. $WMT
, the e-commerce company it bought for $3.3 billion in 2016, saying the acquisition fueled its e-commerce strategyEarnings per share: $1.18 adjustedWalmart reported net income rose to $3.99 billion, or $1.40 per share, from $3.84 billion, or $1.33 cents a share, a year earlier. Excluding items, Walmart earned $1.18 per share.
Same-store sales grew by 10% in the U.S., beating expectations for 7.2%, according to StreetAccount consensus estimates. The retailer's online sales growth was 74%, significantly above the 37% growth that the company had the same quarter a year ago.
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