Wal Mart’s online sales soared

Not surprisingly, Wal Mart released a brilliant second quarter results, especially in the e-commerce business, the 97% increase was almost amazing. Similar to Wal Mart, another grocery retailer < / P > < p > also delivered a good report card on the same day, with net sales in the second quarter up 23.4% year-on-year. Wal Mart is well aware of the increase in sales. In addition to the inconvenience of shopping caused by the epidemic, the government’s fiscal stimulus measures are also the driving force. It is worth noting that the fiscal stimulus has run out, the epidemic is still continuing, and the uncertainty makes Wal Mart a little nervous about the third quarter. On August 18, local time, Wal Mart announced its report card for the second quarter of this year. Data shows that in the second quarter, Wal Mart’s revenue was 137.74 billion US dollars, up 5.6% year-on-year, exceeding the market’s expected 135.61 billion US dollars; net profit was $6.476 billion, up 76.4% year-on-year; adjusted earnings per share (EPS) was $1.56, higher than the expected $1.24. However, the trend is only the background. For Wal Mart, the worry lies in the government. Wal Mart did not provide performance guidelines for the second half of this year. In an interview, Brett Biggs, Wal Mart’s chief financial officer, pointed out that government stimulus was one of the factors contributing to the uncertainty during the pandemic. “The stimulus definitely had an impact on consumers in the second quarter, and we are observing the trend in Washington and the progress of the new stimulus package. I think it will definitely help consumers. “. This may suggest that sales began to return to “normal” in July, and that the company’s “huge growth in the past few months may begin to fade” as US government stimulus funds dwindle, commented scoticcarelli, an analyst. So Doug Macmillan called on the government to support small businesses, which would determine whether their potential customers have the money to spend. Home Depot had similar concerns, saying in a statement that it had cancelled its annual forecast due to the uncertainty surrounding the outbreak. Although the U.S. home market is better than other industries this year, they are not sure that the high demand of consumers in the early stage will continue until the end of the year.