Walmart gets boost from higher earners as it posts strong quarterly results
Published On Feb 20, 2025, 7:34 AM
Walmart reported strong quarterly earnings, with U.S. revenue increasing by 4.1% to $180.6 billion thanks to higher spending from wealthier consumers. The company gained market share by adding new brands and upgrading its stores, attracting customers from households earning over $100,000. Adjusted earnings per share also surpassed expectations. This strong performance indicates a shift towards more discretionary spending among consumers.
Stock Forecasts
WMT
Positive
Walmart's growth in sales, particularly driven by higher-income households, suggests that the company is well-positioned to continue its upward trajectory in a recovering economy. Its investments in store renovations and new product offerings align with current consumer trends.
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