Walmart attracts more shoppers seeking to cut spending in Q3, but

Walmart extended its streak of strong quarterly gains heading into the holiday season as its low-prices continue to attract shoppers looking for deals in a tough economic environment.
Walmart extended its streak of strong quarterly gains heading into the holiday season as its low-prices continue to attract shoppers looking for deals in a tough economic environment. Walmart reported that it swung to a profit of $453 million in the three-month period ended Oct. 31. Adjusted earnings totaled $1.53 per share. Revenue rose 5.2% to $160.84 billion. Analysts were expecting $1.52 per share on sales of $159.65 billion, according to FactSet estimates. Walmart, the nation’s largest retailer, is among the first batch of major U.S. retailers to report quarterly results. Industry analysts are dissecting the data, seeking to shed more light on how consumers are feeling as the holiday approaches.

Articles by Anne D'Innocenzio's Profile, Associated Press Journalist

Will retail earnings beat estimates? Are we in a bear bubble? Ron Barron's top 6 stocks

Walmart's strength in grocery helped power it through a better-than-expected Q3 - Insider Intelligence Trends, Forecasts & Statistics

New Data: Keeps Lead Over Walmart in Share of Q1 Retail Spending

Walmart Rethinks Its China 'Hypermarket' Strategy Amid Alibaba Gains - BNN Bloomberg

Walmart: Dissecting Q3 Results And The Growth That Lies Ahead (NYSE:WMT)

Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors

Can Walmart roll back inflation? - RetailWire

The Question is Not “When” but “Why” the Fed Would Cut Rates with a Labor Market this Strong and Wage Growth Accelerating