Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyle(Reuters)Walmart is maintaining conservative annual sales and profit targets despite surging fuel costs and high inflation, which are impacting consumer spending. The retail giant has deliberately kept prices low on everyday necessities, attracting value-seeking and higher-income shoppers. Walmart reiterated its annual forecast for net sales growth of 3.5% to 4.5% and adjusted earnings per share between 2.75 and 2.85. The company's shares dipped after it projected second-quarter sales and profit below market estimates, with its CEO expressing caution. Despite absorbing higher fuel costs in its delivery operations, Walmart reported a 26% jump in first-quarter e-commerce sales and a 4.1% rise in U.S. comparable sales. In fullBargain-hunting Americans are flocking to Walmart amid inflation painThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Walmart battles inflation with low prices to maintain sales growth
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyle(Reuters)Walmart is maintaining conservative annual sales and profit targets despite surging fuel costs and high inflation, which are impacting consumer spending. The retail giant has deliberately kept prices low on everyday necessities, attracting value-seeking and higher-income shoppers. Walmart reiterated its annual forecast for net sales growth of 3.5% to 4.5% and adjusted earnings per share between 2.75 and 2.85. The company's shares dipped after it projected second-quarter sales and profit below market estimates, with its CEO expressing caution. Despite absorbing higher fuel costs in its delivery operations, Walmart reported a 26% jump in first-quarter e-commerce sales and a 4.1% rise in U.S. comparable sales. In fullBargain-hunting Americans are flocking to Walmart amid inflation painThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
