Walmart reported strong third-quarter results, with same-store sales rising 4.5%, beating analyst expectations. Its e-commerce division surged 27%, underscoring the retailer’s ability to attract both low- and high-income shoppers despite economic pressures.
Walmart Posts 4.5% Sales Growth
Outgoing CEO Doug McMillon credited improved delivery speed, inventory management, and market share gains, saying the company is well-positioned for the holiday season. McMillon will retire in January, with US division head John Furner set to succeed him.
Walmart remains the world’s largest retailer, accounting for more than one in four grocery dollars in the US, giving it unique insight into household spending trends.
