Walmart raises 2024 forecast after ‘strong’ quarter
Walmart has gained market share in US grocery with higher income shoppers in an inflationary period – Copyright GETTY IMAGES NORTH AMERICA/AFP/File JOE RAEDLE
Walmart raised its full-year forecast on Thursday following a jump in quarterly profits, pointing to solid increases at US stores and e-commerce.
The big retailer, which has been seen as well positioned amid inflation because of its reputation for value, enjoyed another quarter of growing sales at its namesake US stores, with robust demand for groceries and pharmaceuticals offsetting weakness in discretio
