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Walmart Just Did Something That Amazon, Home Depot, and Target Couldn't

Jeremy Bowman, The Motley Fool
·5 min read
Walmart Just Did Something That Amazon, Home Depot, and Target Couldn't

Investors had expected Walmart (NYSE: WMT) to report strong sales growth in its fiscal 2021 first quarter (which ended May 1) given the rush to stockpile food and other essential products in March, but the retail giant blew those expectations away. Walmart posted comparable sales growth of 10%, with U.S. e-commerce sales jumping 74%. Sales were up at all three of its business segments, rising by about 10% at Walmart U.S. and Sam's Club and increasing 3.4% at international stores.

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