Walmart earnings takeaways and what it signals about consumer

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Walmart News

Brooke Dipalma,Prescription Drugs,Retail Giant

Walmart (WMT) has raised its full-year guidance as the retail giant continues to gain market share across all income groups in the US. Yahoo Finance Senior...

as the retail giant continues to gain market share across all income groups in the US. Yahoo Finance Senior ReporterDiPalma notes that upper-income households account for the majority of market share gains at Walmart, and it is continuing to grow salesand discretionary goods. For the first time in 11 quarters, the company saw positive inflection in general merchandise, and consumers flocked to its e-commerce segment, Walmart Marketplace.

And for the first time in 11 quarters, the company saw positive inflection in the general merchandise category, something that consumers have been pulling back from, but they did see consumers flock to online that E commerce Walmart marketplace, something that's growing for furniture and sporting goods.

And there's also a little bit of a difference if you look at economic data between the cost of food at home versus food away.Went on to say that back to school is off to a good start with strength in the stationary category.Brooke while we have you quickly, how, how big is that discrepancy between food away from home and, and groceries?According to the CP I print that we got on Wednesday food away from home is up, 4% was up 4% in the month of July food at home.

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