Walmart Inc's revenue in the second quarter of fiscal 2020 reached $137.7 billion, after a 5.6% jump compared to the same period the year before, the company revealed on Tuesday. Its diluted net income per common share stood at $2.27 during the three-month period ended July 31, marking a whopping 80.2% increase year-over-year, while its operating income rose 8.5% in the trimester, reaching $6.1 billion.
The company’s sales gained 9.3% in the second quarter, led by strength in food and general merchandise, while its e-commerce sales in the United States skyrocketed 97% during the same period.
"I want to give a big thank you to our associates for their tireless efforts during these unprecedented times. We also appreciate the trust and confidence of our customers. We remain focused on serving them well now and expanding our set of global capabilities to serve them well in the future," Walmart CEO Doug McMillon said in a statement.
The Arkansas-based firm's stocks jumped 3.24% in premarket trading, selling for $140.05 at 7:21 am ET.
