News Formal

Walmart beats earnings estimates as low prices lure bargain hunters

  • 📰 GlobalCalgary
  • ⏱ Reading Time:
  • 53 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 61%

Walmart News

Walmart Stock,Consumer,Money

Walmart raised its full-year forecast and reported better-than-expected first-quarter results on Thursday.

Business Matters: Loblaw and Walmart have refused to sign Canada’s grocery code of conduct, documents show

Walmart, based in Bentonville, Arkansas, is among the first major U.S. retailers to report quarterly results that could shed more insight into how consumers are feeling, particularly after the government reported an unexpected flattening of spending between March and April. Home Depot, the nation’s largest home improvement retailer, said this week that sales declined for the third consecutive quarter to start 2024 as homeowners and prospective buyers wrestled with higher mortgage rates and inflation.The larger the nonprofit, the more likely it is run by a white man, says new Candid diversity report Starbucks last month lowered its sales expectations for the year as visits to its coffee shops slow worldwide. The decline in spending at U.S.

Walmart is also drawing households with income exceeding $100,000 a year and has focused on its home and fashion goods so it can keep them. Revenue rose 6% to $161.51 billion in the quarter, up from $152.3 billion in the year-ago quarter. Analysts expected $159.6 billion, according to FactSet.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 50. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market movers: Stocks seeing action on ThursdayA survey of North American equities heading in both directions
Source: globeandmail - 🏆 5. / 92 Read more »

Walmart shares pop after earnings beat, surpasses $500 billion in market capThe retail giant posted strong numbers as Americans look to stretch their dollars.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks eye moves higher, Walmart earnings, Meta: 3 ThingsStock futures dip below their flatline as the major market indexes (^DJI, ^IXIC, ^GSPC) seek to swing higher after the S&P 500 breached 5,300 on Wednesday...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Walmart shares pop in pre-market after another revenue, earnings beatThe retail giant posted strong numbers as Americans looks to stretch their dollars.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »