Walmart Achieves Record Sales Despite Delta Variant Spread

[Image source=AP Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Despite the spread of the Delta variant, the US retail giant Walmart recorded its highest quarterly sales ever in Q2 (April to June).

According to the Wall Street Journal (WSJ) on the 17th (local time), Walmart's Q2 sales reached $141.05 billion. Earnings per share (EPS) were $1.78. This exceeded Refinitiv's forecasted sales of $137.17 billion and EPS of $1.57.

Notably, this came amid the US Commerce Department's report showing a 1.1% decrease in retail sales in July, highlighting Walmart's strong performance.

Brett Biggs, Walmart's Chief Financial Officer (CFO), stated, "Although the Delta variant is emerging, it has not significantly impacted sales."

Doug McMillon, Walmart's Chief Executive Officer (CEO), also said, "It was a strong quarter across all business segments," adding, "Global e-commerce sales will reach $75 billion by the end of the year, further strengthening our position as an omni-channel leader."

This content was produced with the assistance of AI translation services.