WalMartonTuesdayposted a biggerthanexpectedincreaseinquarterlysamestoresalesamid a surgeinitsonlinebusinesswithhigherspending, anelectronICS, sportinggoodsandgroceries.
E commercesalesattheretailgiantgrew 79% withstrongresultsacrossallchannelshelpingboostsamestoresalesandprofitmargins.
Thiscomesasthehomeimprovementchainbenefitsfrom a sustainedsurgeindemandfortools, paintsandbuildingmaterialsasAmericansspendmoretimeathomeusingtheirdiscretionaryincomeonminorhomeremodelingandrepairwork.
Thisledto a 24% riseinsalesatHomeDepotfrom a yearago, beatinganalystsexpectations.
WalMartonTuesdayposted a biggerthanexpectedincreaseinquarterlysamestoresalesamid a surgeinitsonlinebusinesswithhigherspending, anelectronICS, sportinggoodsandgroceries.
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