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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
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apnews.com
Walmart wins over broader swath of consumers, but global uncertainty clouds outlook for retailers
Walmart delivered another strong quarter of sales as the discounter’s speedy deliveries and low prices served as a magnet for shoppers across the income spectrum.
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nbcnews.com
Walmart says U.S. consumers are under pressure from rising costs
The nation’s largest private employer reported positive quarterly results, but higher fuel prices have taken a bite out of its profits.
