The retailer reported net earnings of $183 million in the second quarter of fiscal 2022, down a whopping 90% from $1.82 billion in the same quarter a year earlier.
According to the latest Brick Meets Click/Mercatus Grocery Shopping Survey, high prices helped propel a 17% increase in e-commerce grocery sales in July.
The retailer provided a business update revising its profit outlook for the second quarter and full fiscal year, primarily due to pricing actions aimed at improving inventory levels at Walmart and Sam’s Club.
One Medical is a technology-powered national primary care organization that is on a mission to make quality care more affordable, accessible and enjoyable.
Operating income from continuing operations in the first nine months of fiscal 2022 increased 54.3% to $2.2 billion, compared with $1.4 billion in the same period a year ago.