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Walmart says customers starting to shop like normal again as the US economy continues to re-open

1 month ago   |   By

AP Photo/Julio Cortez
Walmart sales hit $138.3 billion in the first quarter of 2021, up 2.7% over the same period of 2020.
The gains were helped along by shoppers returning to normal, aided by government stimulus money.
"Customers clearly want to get out and shop," the retailer said.
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Buying behavior is slowly turning to normal as the US economy regains steam and people return to traveling, socializing, and working from offices, Walmart said Tuesday. The retailer made $138.3 billion in sales for the first quarter, up $3.7 billion over the same...
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Walmart climbs 4% after reporting strong quarterly sales growth and boosting its profit outlook

1 month ago   |   By

Kena Betancur/VIEWpress/Getty Images
Walmart turned in strong quarterly results on Tuesday buoyed by stimulus spending.
The big-box retailer posted adjusted EPS of $1.69 per share on revenues of $138.31 billion in the fiscal first quarter, topping analyst estimates.
Comparable sales also jumped 6% for US-based stores and WMT expects a "high single-digits" percentage increase in EPS for full-year 2022.
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Walmart stock climbed as much as 4% on Tuesday after the company reported strong quarterly sales growth and boosted...
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