Walmart shares up after impressive third-quarter sales
The US retailer has raised its full-year outlook again, saying shoppers are responding well to the rollout of early holiday deals
New York — Walmart is approaching the crucial holiday season on a high note, posting solid third-quarter sales and raising its full-year outlook again, showcasing its resilience in the face of Amazon’s advances. Shares rose.
Comparable sales, excluding gas, for Walmart stores in the US rose 3.2% in the period, beating analysts’ 3.1% growth estimate and marking the 21st straight gain. Both the number of customers and the size of their average orders were up, fueling the growth...