Retail News

Walmart raises forecast, looks forward to strong holiday performance

Reuters/Yahoo Finance 11/16/2021

Walmart said it expects a same-store sales gain in the U.S. of over six percent for the full year, up from its previous guidance of a five to six point gain. The retailer expects a strong holiday quarter with inventory levels up 11.5 percent. It also reported gains in grocery market share in the most recent quarter as consumers came to its stores looking for deals in the face of rising inflation.

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