Walmart International Sales Jump 12.8% in Q2
WMT is trading near its 52-week low of $95.42 (13% above the low).
Summary
Walmart's international segment delivered 12.8% sales growth in Q2, a strong result that suggests overseas operations are gaining momentum. This is the first headline to isolate the international unit's performance for the quarter, following a period of executive reshuffling and price cuts in the U.S. The growth rate is material for a segment that has historically lagged domestic results, and it may offset concerns about margin pressure from recent discounting. Investors will look for confirmation of this trend in the full earnings release, expected later this month.
At the time of this announcement, WMT was trading at $107.75 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $909.6B. The 52-week trading range was $95.42 to $135.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.