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Walmart U.S. drives 3.1% gain in net Q2 sales
BENTONVILLE, Ark. - Walmart U.S. on Thursday posted a 3.1% lift in net sales for its second quarter ended July 29 to $76.2 billion and delivered positive comp sales for the eighth consecutive quarter, up 1.6%, along with the seventh consecutive quarter of positive traffic, which was up 1.2%.
Net sales at Sam's Club for the period were down 1.3% to $14.5 billion with a slight 0.6% gain in comparable sales (excluding fuel) and a slight 0.4% decline in overall traffic. Net sales, without fuel, grew by 0.4%, Walmart reported.
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Walmart Foundation pledges $500K in Louisiana flood relief efforts
BENTONVILLE, Ark. – Walmart and the Walmart Foundation on Monday made a commitment to provide support through cash and in-kind donations of $500,000 to organizations helping with relief efforts for those affected by the floods in Louisiana. Working closely with the Salvation Army, American Red Cross and the Greater Baton Rouge Food Bank, coordination efforts are being made with elected officials and governmental entities across the region to meet the needs of those affected by the overwhelming flooding in the Louisiana region this week.
