Aug 17, 3:06 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Danny Vena 08/17/18 AT 1:57 AM One of the ongoing narratives of the digital age has been the death of retail at the hands of e-commerce. Traditional retailers like Walmart (NYSE:WMT) have been perceived as being at a decided disadvantage compared to their organic online competitors like Amazon. In light of Walmart’s size, the thinking goes, rotating to embrace e-commerce is like attempting to turn the Titanic.This article originally appeared in the Motley Fool.When the world’s largest retailer reported the financial results for its fiscal 2019 second quarter, which ended July 31, Walmart demonstrated that it is much more nimble than the doubters believed, and it put up some impressive numbers in the process.Don’t let the bottom line fool you… Data source: Walmart second-quarter financial results. Photo: The Motley Fool Walmart’s revenue of $128 billion sailed past analysts’ consensus estimates of $125.97 billion, while adjusted earnings per share of $1.29 easily outpaced expectations of $1.07.Comparable-store sales were also extremely impressive. U.S. comp sales increased by 4.5%, the highest level of growth in more than 10 years, led by strength in grocery, apparel, and seasonal items. The company saw gains in foot traffic of 2.2% and… Read full this story
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