Reported about 2 months ago
Walmart reported a revenue increase of 4.8% to $169.34 billion in Q2, exceeding expectations, with adjusted earnings rising 9.8% year over year. The company experienced growth across all its business segments, particularly in groceries, which account for around 60% of sales. Walmart's effective strategies, including a new private label brand aimed at higher-income households, contributed to its appeal, allowing it to capture market share in a challenging retail environment.
Source: YAHOO