Thursday, November 14, 2019

Walmart raises earnings forecast, expects strong holiday sales

Yahoo Finance
Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.

Sales at U.S. stores open at least a year rose 3.2%, excluding fuel, in the quarter ended Oct.31. Analysts estimated growth of 2.9%, according to IBES data from Refinitiv.

Online sales rose 41%, higher than the previous quarter's increase of 37 pct and greater than the company's expectation of 35%.. . . more