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Walmart Jumps as ‘Get Out and Shop’ Ethic Spurs Boosted Forecast

  • In-store traffic rose in April for first time in over a year
  • U.S. digital sales increase 37%, exceeding estimates
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U.S. Retailers to Report Earnings as Inflation Fears Simmer
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Walmart Inc. shares jumped after the retailer posted strong quarterly sales growth and boosted its profit outlook, an impressive feat after facing a difficult comparison with last year’s pandemic-fueled stockpiling.

Comparable sales increased 6% for Walmart stores in the U.S., excluding fuel, compared with an expected 2% gain, according to estimates compiled by Bloomberg.