The world's largest retailer Walmart in the second fiscal quarter ended July 27, increased comparable sales in the US by 4.5%, showing the maximum rate for 10 years. The growth of the indicator is due to high sales of food, clothing and seasonal goods. Experts had expected growth of only 4%. Quarterly revenue was $128 billion, having increased by 3.8% and exceeding the average market forecast of $126 billion. Sales of the online store grew by 40%. Outside the US, Walmart's revenue increased 4% to $29.5 billion. As a result of the quarter, the retailer recorded a net loss of $861 million against a net profit of $2 billion 900 million a year earlier due to one-time write-offs related to the sale of an 80 percent stake in Walmart Brazil.
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