Walmart delivered stronger than expected earnings, with a 29% rise in the most recent quarter, attracting price-conscious consumers from all income levels.
Breakdown
- Walmart reported a 29% increase in quarterly revenue, driven by shoppers seeking deals for the holidays. 17s
- Higher income households are driving Walmart's sales gains, while lower income Americans are spending less. 25s
- A delayed U.S. jobs report showed 120,000 new jobs added but a rise in unemployment to 4.4%. 53s
- Analysts expect strong holiday spending, with muted tariff impacts and stable prices for clothes and toys. 1m 10s
- Prices for some electronics, including TVs, are about 6% lower than last year. 1m 40s