Walmart earnings boosted by more higher income customers

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About 75% of Walmart's market share in food and grocery in Q2 came from shoppers with $100k or more in annual household income, as high inflation reshapes consumer behavior.

ahead of the company's earnings report this morning that a vast majority of Walmart's market share in grocery in the second quarter came from shoppers with $100,000 or more in annual household income.Why it matters:about the economy than lower income households, Walmart's observation reflects the overwhelming impact higher prices have had across nearly all households.

Groceries and food products, considered staple purchases for households, are lower margin for stores like Walmart. But being able to offer a wide mix is clearly helping the retailer weather the downturn in demand for nice-t0-haves, such as clothing.Its same-store sales growth reached 6.5% from last year, higher than what analysts expected and what the company guided for

 

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I don’t go here as it is 25 lines of self checkout by me.. takes forever.. I cashiers

$100k is not that much in income for 2 earner families. That’s $50k each.

walmart has too many freaks. Meijer’s is better. Mucho más!

Now it kinda makes sense why the Amex Platinum card includes a Walmart+ subscription. I always wondered why a Platinum card holder would even want a Walmart+ subscription, but I guess they do.

Y’all think you’re being smart but really all you’re doing is giving them incentive to raise prices which will be yet just another way of the have’s edging out the have nots 🤬

More and more people shopping at Walmart, thanks to Joe Biden's recession.

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