Walmart reports solid US sales growth, lifts forecast

A Walmart logo is seen outside a store in Washington, DC, on August 18, 2020. (Photo: AFP)

Walmart lifted its full-year forecast Tuesday following another solid performance at its US stores in the second quarter even as e-commerce growth slowed compared with earlier in the pandemic.

Walmart's revenues rose 2.4 percent to $141 billion, led by a 5.2 percent jump in US comparable sales.

Profits dropped 34 percent to $4.3 billion compared with the year-ago quarter, when e-commerce sales nearly doubled. Online sales in the most recent quarter grew six percent.