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Walmart sees big revenue boost as shoppers look for deals

CBS America · Just In
CBS America
CBS America
Just In

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
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