Walmart interim sales rise as consumers head back to shops
Group lifts profit outlook on strong performance, turning around market-share losses in its grocery unit, US stimulus cheques and pent-up demand
18 May 2021 - 16:57
New York — Walmart posted strong quarterly sales growth and boosted its profit outlook, an impressive feat as the retailer faced a difficult comparison with 2020’s pandemic-fuelled stockpiling. The shares rose in premarket trading.
Comparable sales increased 6% for US Walmart stores, excluding fuel, compared with an expected 2% gain, according to estimates compiled by Bloomberg...
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