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Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue

Posted on AllSides May 16th, 2024
From The Left

NEW YORK (AP) — Walmart Inc. reported another quarter of strong quarterly results Thursday as its low prices pull in shoppers scouring for discounts with . The nation’s largest retailer, based in Bentonville, Arkansas, also offered an upbeat outlook. Share rose more than 5% in premarket trading. Walmart reported profits of $5.10 billion, or 63 cents per share for the quarter ended April 30. That compares with $1.67 billion, or 21 cents per share, in the same period last year. Adjusted earnings per share was 60 cents, far surpassing estimates...

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