Reported about 2 months ago
Walmart has increased its full-year sales guidance, now expecting a rise of up to 4.75% as consumers seek bargains in a challenging economic environment. The company's net sales and profits are also projected to exceed initial estimates, driven by strong demand for essentials and a notable increase in comparable sales. Walmart's bullish outlook reflects consumer responsiveness to price-consciousness, evidenced by strong growth in e-commerce and seasonal products like lawn and garden items.
Source: YAHOO