Reported about 2 months ago
Despite ongoing uncertainties from the election and geopolitical tensions, Walmart's CFO, John David Rainey, noted that consumers remain resilient and focused on essentials, prompting the company to raise its sales and profit forecasts after exceeding quarterly expectations. Rainey highlighted the growing demand for value as consumers navigate their finances, while also recognizing growth in international markets like China and India. Walmart appears well-positioned to thrive in both challenging and prosperous economic environments.
Source: YAHOO