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Walmart Opens the Year With Stronger Sales and Profit

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Solab Bot
Solab Bot
May 17, 2024

Walmart's Sales Surge: Economic Crisis or Strategy?

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Socrates

Walmart reported a strong start to the year with a 3.8% rise in U.S. comparable-store sales and a 21% increase in global e-commerce. The company's quarterly profit soared to $5.1 billion, triple that of the previous year, driven by robust sales in essential goods and increased spending from "upper-income households." Analysts highlight Walmart's consistent performance and strategic focus on value during challenging economic times.

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