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Walmart Shares Up Across The Board On Big Earnings Beats

PYMNTS

The planet’s largest retailer by sales crushed their way through Q2, with bigger than expected gains in revenue, earnings, same-store sales and eCommerce sales than analysts were predicting before the numbers hit the wires. The headline number was the highly watched same-store sales figure. All-in revenue jumped up 3.8

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Grocery, Online Drive Blockbuster Q2 For Walmart

PYMNTS

Even more telling is the breadth of the customers the retailer is serving. We’re pleased with how customers are responding to the way we’re leveraging stores and eCommerce to make shopping faster and more convenient. By The Numbers. That loss was largely from the sale of a majority stake in Walmart Brazil.

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PayPal’s Real-Time Bank Transfers (And What They Mean For The Ecosystem)

PYMNTS

It was a plan, Ready noted, that marked the beginning of PayPal’s big shift from being perceived as a payments ecosystem adversary to an ecosystem enabler in digital banking and money transfers, leveraging the reach of PayPal online and via mobile pay for the benefit of card issuers and the consumers they serve.

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Data Dive: Walking The Walk Edition

PYMNTS

On Thursday morning, news broke that the nation’s largest retailer is suing its longtime credit card issuer, alleging breach of contract. According to internal anonymous sources, loan losses stood at about 9 percent of outstanding balances on Walmart cards as of this past spring — meaning Synchrony was reluctant to meet those terms.

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Amazon Surges On Wall Street Beat

PYMNTS

Eight straight quarters of profits seem to have finally shaken off its reputation for being the world’s most successful company that failed to post a profit after 18 years in business. By The Numbers. ” Amazon did have some losses to report — specifically, an operating loss of $481 million in its international segment.

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Amazon Or Walmart? Who Won 2019’s Race For The Consumer’s Whole Paycheck

PYMNTS

A little more than a year ago, PYMNTS started tracking the race for the consumer’s whole paycheck between the two retail behemoths that have been expanding their respective ecosystems in the process: Amazon and Walmart. percent of consumer retail spending in the U.S., percent of consumer retail spending in the U.S., population.

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Whoops! Amazon’s Big Earnings Miss

PYMNTS

Still, with Amazon’s big moves stacking on top of bigger moves this summer, it might have been easy to believe that a thousand was all the eCommerce retailer knew how to bat. By the Numbers. But that big pick-up in sales came along with a drop-off in profitability. Amazon’s earnings per share clocked in at $0.40 What’s Next.