• Aug 15, 2024

Walmart boosts outlook for 2024 with bargains proving a powerful lure for the inflation weary

Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions who have struggled with rising costs for housing, groceries and almost everything else. Walmart Inc. reported earnings of $4.5 billion, or 56 cents per share, in the three months ended July 31. Adjusted per share earnings were 67 cents, or 2 cents better than Wall Street had expected, according to FactSet.