first quarter income

Online grocery sales boost Walmart’s Q1 growth

Online grocery sales boost Walmart’s Q1 growth

BENTONVILLE, Ark. — Walmart on Friday reported fiscal first quarter income of $2.1 billion on a 4.4% increase in revenue, to $122.7 billion, thanks largely to a jump in online grocery sales. Walmart’s digital sales increased 33% in the quarter ended April 27. The company projects online sales will increase 40% for the full year.