Consumer
Walmart’s Sales Growth Highlights Consumers’ Ongoing Strength
- Retailer sees slower growth, but remains optimistic on economy
- Company buys TV maker Vizio to boost its advertising business
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Walmart Inc. topped Wall Street’s expectations in the fourth quarter as picky shoppers continued buying — bolstering the company’s view of the US economy.
Sales and profit came in higher than analysts’ average estimates, while executives said the retailer is gaining market share, particularly among households earning more than $100,000 a year. E-commerce sales also rose more than expected, and more shoppers are using same-day and express deliveries.