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Walmart Surges After Reporting Its Best Holiday Quarter in Years

  • Company grabs share in first Christmas without Toys ‘R’ Us
  • Still, online push, transportation costs weigh down margins
Bloomberg business news
Analyst Chuck Grom examines Walmart’s numbers as retailers brace for a pullback in consumer demand this year.(Source: Bloomberg)
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Walmart Inc. finally gave the U.S. retail sector some good news.

The company brushed off the industry’s disappointing December sales with its best holiday quarter in at least a decade, soothing concerns about the sector’s outlook for 2019. Comparable sales for Walmart stores in the U.S. -- a key performance barometer -- rose 4.2 percent in the quarter that included Christmas, beating analysts’ estimates by a full percentage point.