“Walmart sales soared as shoppers spent their stimulus checks”
August 18, 2020
“Walmart sales got a big boost last quarter as shoppers spent their government stimulus checks on home goods, electronics and lawn care products, the company said Tuesday. Walmart’s sales at US stores open for at least one year increased 9.3% to $93.3 billion during the three months ending on July 31, compared with the same stretch last year. Walmart’s online sales boomed, growing 97%. Walmart’s profit increased 79.4% to $6.4 billion…”
https://www.cnn.com/2020/08/18/investing/walmart-stock-earnings/index.html