CNBC: Walmart earnings top expectations as customers’ new shopping habits send e-commerce sales soaring 79%

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CNBC reports:

Key points

– Walmart’s U.S. e-commerce sales soared by 79% in the third quarter, as customers continued to shop online during the coronavirus pandemic.

– Instead of browsing store aisles, more customers are shipping purchases to their homes, getting groceries dropped off at their doors or picking up online purchases by the curbside. 

– “We think these new customer behaviors will largely persist and we’re well positioned to serve customers with the value and experience they’re looking for,” Walmart CEO Doug McMillon ...