Shares in Walmart soared ten percent after the group posted a 40 percent rise in online sales in the past three months.
Overall sales for the group were boosted to $128 billion (£101 billion) and represents the biggest jump in sales over the past ten years.
“We’re leveraging stores and e-commerce to make shopping faster and more convenient,” said President and chief executive Doug McMillion.
“We’re continuing to aggressively roll out grocery pickup and delivery in the US and we recently announced expanded… initiatives in China and Mexico,” he added.
The group, however, have still reported an $861 million loss due to the pre-tax costs of $4.8 billion after the sale of the 80 percent stake in the group’s Brazilian operations. The group now plans to focus on Asian markets.
Asda, Walmart’s subsidary, also reported a rise in sales of 0.4 percent.
“Our second quarter performance shows continued momentum for 2018 and this is the first quarter we have outperformed the market since 2014,” said Asda boss Roger Burnley.
“We remain focused on… innovation in our own brand, lowering prices and in continuously improving our shopping experience both in store and online.”
Asda is to merge with Sainsbury’s, creating the the UK’s biggest supermarket.