Aug 15th, 2024
Walmart Raises Full-Year Outlook as Shoppers Chase Deals
Walmart lifted its sales guidance for the full year, saying it now expects net sales to rise as much as 4.75% for the year, versus previous guidance for a gain of as much as 4%, as the chain expects to draw shoppers searching for deals. Greg Melich, senior managing director at Evercore ISI, examines the results.
