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The company withdrew its financial outlook for the year Tuesday, citing the "unprecedented variability" in the economy because of the coronavirus pandemic. It also said it was phasing out Jet.com, the e-commerce company it bought for $3.3 billion in 2016, saying the acquisition fueled its e-commerce strategy
- Earnings per share: $1.18 adjusted
- Revenue: $134.62 billion
Total revenues grew by 8.6% to $134.62 billion from $123.9 billion a year prior, exceeding Wall Street's expectations.
Same-store sales grew by 10% in the U.S., beating expectations for 7.2%, according to StreetAccount consensus estimates.
The retailer's online sales growth was 74%, significantly above the 37% growth that the company had the same quarter a year ago.
To keep up with demand, it hired 200,000 employees to help clean stores, stock shelves and fulfill online orders.