Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
Walmart's sales continued to grow as stubbornly high prices kept American shoppers coming for inexpensive everyday necessities.
U.S. comparable sales, or those from digital channels and stores operating at least 12 months, rose 3.8% in the quarter ended April 26. That was slower growth than last year, when comparatively higher prices sent sales soaring.
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year...
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