SA: Walmart powers higher after comparable sales top estimates, profit guidance hiked

SEEKING ALPHA writes:

Walmart (NYSE:WMT) gained in early trading on Thursday after sliding past consensus estimates with its Q2 earnings report on revenue growth of 5.9%.

The retailer reported total U.S. comparable sales rose 6.4% in Q2 to top the consensus estimate for a 4.0% increase. Transactions were up 2.9% during the quarter, and the average ticket was 3.4% higher. E-commerce contribution to comparable sales was down 230 basis points from a year ago as the post-pandemic shift continued. Comparable sales rose 5.5% at Sam’s Club locations in the U.S. off transaction growth of 2.9% and 3.5% growth in average ticket. Walmart International saw total sales increase 13.3% to $27.6B during the quarter…

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Stock up 1% to $160.9 in pre-market trade.