Shelly Banjo, Columnist

Walmart Is Winning the Food Fight, for Now

Grocery drive-through stations and low prices bolster its defenses.

February 21, 2017 at 7:08 PM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

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For Wal-Mart Stores Inc., the best way to investors' hearts could be through their stomachs.

Shares in the world's largest retailer rose 4 percent Tuesday after it reported a 1.9 percent gain in sales at established U.S. stores in the latest quarter from a year ago, including a 29 percent jump in domestic online sales.