Walmart reports estimate-beating jump in holiday quarter comparable sales

U.S. retailer Walmart Inc on Tuesday reported an estimate-beating jump in holiday quarter comparable sales, which grew for the 18th consecutive quarter.

Sales at U.S. stores open at least a year rose 4.2 percent, excluding fuel, in the fourth quarter ended Jan. 31. Analysts estimated a gain of 2.96 percent, according to IBES data from Refinitiv.

Adjusted earnings per share increased to $1.41 per share, beating expectations of $1.33 per share, reports Reuters.

Online sales grew 43 percent in the quarter, in line with the previous quarter’s rise.

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