Walmart Inc.’s financial results for the second quarter of 2019 pleased investors on Thursday, sending the stock up $9.78 or nearly 11 percent in pre-market trading to nearly $100, as the retail giant reported a 4.5 percent same-store sales increase, its strongest in more than a decade, beating Wall Street’s consensus estimate of 2.5 percent. Traffic and ticket growth rose more than 2 percent, an indication of solid market share gains against a backdrop of consumer spending confidence, retail analysts said.
“With today’s report, Walmart has finally returned to the ranks of superior performers,” said Craig Johnson, president of Customer Growth Partners. “The steady rebuilding [chief executive officer] Doug McMillon has led for several years now has slowly been gathering steam, but the moves have been so wide-ranging, it’s taken time to break out. The break-out quarter has now occurred, albeit aided by pent-up winter demand that was unleashed in May.”
For their newest project, @agjeans partnered with individuals who are more than what they appear to be on the surface, from models who play in bands to freelance writers and artists who are influential in their communities. Read the first edition of The #MoreThan Project on www.agjeans.com.
Earlier this month at the #WWDStyleDimension, @origins previewed its latest face mask— Hello Calm with relaxing and hydrating Cannabis Sativa Seed Oil. It’s now available in Origins stores & online, and on @sephora.com. Perfect for some post fashion week R&R. #DiscoverOrigins
Since winning her first Emmy last year for lead actress in “The Handmaid’s Tale,” Elisabeth Moss has certainly kept herself busy! She has produced two films and starred in three more. Read our full interview with her at the link in our bio. #wwdeye
Photographed by Katie Jones/WWD