Contributed by NAMPA / AFP.
Walmart reports jump in profit on strong US performance
New York, May 16, 2019 (AFP) - Walmart reported a jump in first-quarter earnings Thursday on higher US store sales and eCommerce growth following heavy investment in new "omnichannel" retail ventures.
The world's biggest retailer reported profits of $3.8 billion.
That's an increase of 80 percent from the year-ago period when results were dented by a one-time earnings hit following US tax reform.
Revenues climbed one percent to $ ...