Walmart’s net profit for February-October increased by 44%

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Walmart’s net profit for February-October increased by 44%

20.11.2020 News

The consolidated net profit of the world’s largest retail chain, American Walmart, for the nine months of 2020-2021 fiscal year (February-October 2020) increased by 44% and amounted to $ 15.714 billion, according to a press release.

Walmart’s adjusted net income per share for the nine months was $ 5.48 against $ 3.74 in the same period last financial year. Walmart’s total revenue in the reporting period increased by 6.5% year on year to $ 407.07 billion.

The company’s consolidated net profit for the third quarter of the financial year amounted to $ 5.201 billion, an increase of 1.5 times year on year. Adjusted earnings per share rose to $ 1.8 from $ 1.15 a year earlier. The company’s total revenue for the third quarter increased by 5.2% and amounted to $ 134.708 billion. The indicator was expected to grow to $ 132.01 billion.

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