Walmart attracts high earners, reporting strong sales and profit growth with improved offerings.

Walmart is seeing strong growth, drawing customers who earn over $100,000 annually. Sales at established U.S. stores rose 5.3% last quarter, with profits up 8.2%. The company's strategy includes improved grocery options, a wider product range, and enhanced online services like Walmart+. Despite inflation's impact, Walmart's success contrasts with many other retailers facing financial struggles and store closures.

November 19, 2024
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