Sales in the United States grew by 4.2% over the holiday stretch compared to last year, including a 43% increase in digital sales.
Walmart said its online sales got a boost from rolling out grocery pickups to stores across the country. It also has expanded delivery to reach more buyers. More than 10% of Walmart buyers used curbside pickup in January, according to data from Cowen. Walmart's online sales grew steadily all of last year.
Low unemployment, rising wages and a drop in gas prices also helped Walmart during the holidays. CEO Doug McMillon credited the strong economy for Walmart's big quarter
Walmart's strong holiday would calm the fears of a worrying report from the Commerce Department last week, which showed core retail sales plummed by 1