Walmart Lifts Full-Year Sales and Profit Forecast, Shares Rally usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
By Ananya Mariam Rajesh and Siddharth Cavale (Reuters) -Walmart raised its full-year forecast and reported better-than-expected first-quarter results on .
A positive forecast from retail
bellwether Walmart on Thursday signaled a resilient U.S.
shopper, in line with earlier remarks by one of its key
suppliers and one of its retail rivals. .
Analysis-Walmart s Strong Forecast Signals a Resilient Consumer usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
A positive forecast from retail bellwether Walmart on Thursday signaled a resilient U.S. shopper, in line with earlier remarks by one of its key suppliers and one of its retail rivals. American shoppers are opening their wallets, spending money on bargain-priced goods in stores and online, with many people turning to Walmart's delivery service for convenience, Walmart executives said on Thursday. Procter & Gamble, one of Walmart's biggest and most important suppliers, recently also raised its full year profit forecast.