Home / Knowledge / News / Results / Walmart reports 5.6% sales growth to $138 bn in Q2 FY21

Walmart reports 5.6% sales growth to $138 bn in Q2 FY21

20
Aug '20
Pic: Shutterstock
Pic: Shutterstock
Walmart, a US-based multinational retail corporation, posted 5.6 per cent revenue growth to $137.7 billion in its second quarter (Q2) for fiscal 2021 that ended on July 31, 2020 compared to revenue of $130.4 billion in the same period last year. Company’s net income for the quarter jumped 79.4 per cent to $6.4 billion (Q2 FY19: $3.6 billion).
 
Operating income rose 8.5 per cent to $6.0 billion ($5.8 billion). During Q2, Walmart US e-commerce sales grew 97 per cent with strong results across all channels.
 
Overall sales of Walmart US business grew 9.5 per cent to $93.2 billion ($85.2 billion). However, international sales slipped 6.8 per cent to $27.1 billion ($29.1 billion). Sam’s Club sales were up 8.8 per cent to $16.3 billion ($15.0 billion).
 
Walmart in its report stated that apparel sales were strong during the quarter with mid-single digit percentage growth across ladies, men’s, and children’s. While grocery segment registered a mid-single digit growth.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Oct 2020

Pak trade bodies demand duty-free cotton yarn export

Pakistan's value-added textile exporters have urged the government to ...

Pic: Revolve

Fashion | On 28th Oct 2020

Revolve announces upgraded service levels in Canada

Revolve, the next-generation fashion retailer, has announced the...

Pic: Shutterstock

Retail | On 28th Oct 2020

C&A avoids over 116,000 metric tons of GHG emissions

During 2019, C&A avoided more than 116,000 metric tons of greenhouse...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Office bearers, Textile industry

Office bearers
Textile industry

There might be negative impact on garment exports

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Roz Guarnori,

Roz Guarnori

FESPA Global Print Expo 2019, to be held in Munich from May 14-17, is...

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search