Walmart Beats Earnings, Lifts Outlook As Consumers Trade Down To Big Box Retailer

Walmart Beats Earnings, Lifts Outlook As Consumers Trade Down To Big Box Retailer America's largest retailer delivered another strong quarter of sales, surpassing nearly all analyst estimates tracked by Bloomberg. This is mainly due to its strategy of offering the lowest prices and best deals for cash-strapped consumers struggling with elevated inflation and high interest rates. Walmart also increased its full-year outlook as Bidenomics continued to transform the nation of shoppers into Walmart regulars. Walmart reported earnings of $4.5 billion, or 56 cents per share, for the three months ending...