Walmart Raises Full-Year Forecast Amid Early Holiday Shopping Surge

Benzinga 2024-11-19

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Walmart raised its annual forecast on Tuesday, citing increased discretionary spending, e-commerce growth, and an early start to holiday shopping. Third-quarter earnings beat Wall Street expectations, with revenue topping forecasts. E-commerce sales surged 22%, driven by home delivery and advertising growth. CFO John David Rainey noted inflationary pressures on consumers but highlighted their focus on value during the holiday season.

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