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Walmart raises guidance
Walmart raises annual forecasts, betting on strong holiday shopping
Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, with people buying more groceries and merchandise online and at its stores, a sign that it may be gaining market share ahead of the holiday season.
Walmart sees higher-income shoppers as a key to holiday sales growth
Households earning more than $100,000 made up 75 percent of its Walmart’s market share gains in the third quarter, chief executive Doug McMillon said.
Walmart raises guidance after another strong earnings report ahead of the holiday season
Adjusted earnings per share eclipsed estimates by $0.05 at $0.58. "We had a really strong quarter," Walmart CFO John David Rainey told Yahoo Finance, noting that e-commerce now makes up 18% of the business overall as consumers lean into convenience via delivery and pickup.
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Customers making more than $100,000 a year are fueling the growth. Walmart’s U.S. sales at stores open for at least a year ...
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Amazon Plans Grocery Delivery Platform To Rival Walmart, Kroger and Target
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Walmart raises annual sales and profit forecasts, betting on strong holiday shopping
Walmart
WMT-N on Tuesday raised its annual ... supply chain to help stock fresher produce and improve
delivery
times as ...
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