Walmart Crushes Expectations

Walmart has raised its full-year outlook after surpassing sales and profit expectations, leveraging its reputation for low prices to attract grocery customers and boost online spending. The retail giant reported a 24% increase in e-commerce sales for Walmart U.S. The company anticipates a 4% to 4.5% rise in consolidated net sales for the fiscal year, with adjusted earnings per share expected to range between $6.36 and $6.46. This improved forecast outpaces its previous guidance, reflecting a "modest improvement" in sales of larger discretionary items like electronics and home goods, driven by discerning consumers and seasonal events. Walmart's net income for the quarter surged 33%, with same-store sales for Walmart U.S. growing 6.4% compared to last year.