After a good Q3, Walmart’s annual sales should grow by 5%

In the quarter ended October 27, Walmart‘s sales grew by 4.3% at constant exchange rates, reaching US$160.8 billion. U.S.A. sales rose by 4.9% excluding fuel, while online sales surged by 26%, recording their 6th consecutive quarter of double-digit growth. While Walmart’s operating margin disappointed investors (it was only up by b3%), the retailer nevertheless raised sales and margin forecasts for the 2023 fiscal year. “Consumers continued to prioritise necessities over discretionary...