NEW YORK — Walmart delivered a robust third quarter, reporting stronger-than-expected sales and profits as it continues to attract shoppers across income groups amid lingering economic uncertainty. The retail giant, which serves as a key indicator of U.S. consumer spending trends, said its performance has positioned it for a strong holiday shopping season. The company […]
Walmart
Walmart Q1 profits fall 32pc as pandemic sales growth slows
New York: Walmart reported a drop in first-quarter profits Tuesday with pandemic-related sales growth moderating somewhat, but shares rallied as the results still topped expectations. Profits in the quarter ending April 30 came in at $2.7 billion, down 32 percent from the year-ago period. Revenues were $138.3 billion, up three percent. The world’s biggest retailer, […]