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"Walmart Hits All Time High On Blowout Earnings From Coronavirus-Linked Stockpiling"
"Walmart reported blowout Q1 results, boosted not only by record high pickup and delivery as a result of the coronavirus pandemic, but also a 74% increase in online sales, as US consumers scrambled to stockpile products during the pandemic lockdown.
Walmart reported EPS of $1.18, beating expectations of $1.12, on Revenue of $134.622BN, also well above the $132.79BN expected, even as the company withdrew its full-year guidance due to the 'significant uncertainty' surrounding the length and intensity of the coronavirus's impact.
The retailer reported revenue growth of 8.6% in the quarter, the highest since the financial crisis."
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