Reported about 2 months ago
Walmart exceeded expectations with strong sales and increased its outlook for 2024, citing its low prices as a major appeal for consumers facing inflation. The retailer reported a quarterly profit of $4.5 billion and a 4.8% rise in sales, benefiting from a surge in online transactions and successful rollbacks on prices. Despite overall economic challenges, Walmart's confidence in its business strategy is reflected in its upgraded earnings forecast.
Source: YAHOO