Walmart shares hit a record high due to better-than-expected 1Q results and raised full-year forecast.

Walmart shares hit a record high as the company lifted its full-year forecast and posted better-than-expected 1Q results. Stronger grocery and non-essential merchandise sales, aided by easing inflation, contributed to the improved outlook and financial performance. This led to a notable increase in Walmart's share price.

May 16, 2024
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