Reported about 2 months ago
Walmart raised its sales and profit forecasts for the second time this year following a strong quarter, leading to a 7% surge in its shares. The retailer saw robust demand for fresh food and personal care products, with significant contributions from higher-income shoppers. Overall, Walmart reported a 4.8% rise in revenue to $169.3 billion and adjusted profit per share of 67 cents, exceeding analysts' expectations.
Source: YAHOO