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comp sales (ex-fuel) grew by 4.0%, with growth in eCommerce of 17%, led by pickup & delivery. Net sales from Walmart U.S. increased 3.4% Y/Y, Walmart International rose 17.6%, and Sam’s Club U.S. was up 2.0%. Walmart’s total U.S. Walmart U.S. Operating income rose 12.9% billion, and the margin expanded by 44 bps to 5.2%.
Public Iron Spark shareholders will continue to receive a 5 cent quarterly dividend until the deal closes. Iron Spark public shareholders will own 31.2% of the company after the merger assuming no share redemptions. About Hypebeast: Full story available on Benzinga.com.
Transaction Highlights The proposed transaction will enable PFSweb to benefit from GXO's scale, industry-leading technology and significant capital resources, while adding PFSweb's expertise in direct-to-consumer eCommerce fulfillment for premium brands to GXO following the consummation of the acquisition.
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