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Walmart Posts Strong Sales, Earnings as Shoppers Look for Discounts

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Walmart reported strong quarterly sales as cash-strapped shoppers gravitated to the discount retailer for food and other essentials

cash-strapped shoppers

gravitated to the discount retailer for food and other essentials and continued to pay higher prices on many items compared with last year. U.S. comparable sales, those from stores and digital channels operating for at least 12 months, rose 8.3% in the quarter ended Jan. 27, compared with the same period last year. That beat analyst expectations of 4.9% growth, according to estimates from FactSet .

 

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Huge price gouging going on right now at Walmart.

월스저 냄새가 나 아이러브유

I loved Walmart for decades. They truly were all about trying to keep prices low. No more. They started seriously gouging customers about a year ago and that's what explains their strong earnings. I have details.

Grocery experienced highest inflation, not just from Supplychain, which receded but by locking in profits. Industry consolidation underway.

Never been there never will

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