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Walmart lifts full-year earnings and sales guidance By Investing.com

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Walmart lifts full-year earnings and sales guidance

The company now sees full-year adjusted EPS at $6.36 to $6.46, up from its prior guidance of $6.10 to $6.20. The figure topped Bloomberg consensus estimates of $6.28 for the forecast.

Meanwhile, net sales are projected to grow by about 4% to 4.5% in its 2024 fiscal year. Walmart's previous outlook for the figure had been approximately 3.5%.In a statement, Chief Executive Officer Doug McMillon noted that Walmart's food segment had been a source of"strength" for the group in the 13 weeks ended on July 29. Groceries have been a key performance driver for Walmart during a recent bout of elevated inflation in the U.S.

 

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