business / news / / Hartford Courant
The world’s largest retailer said comparable sales in U.S. stores, excluding fuel, rose 4.1% in the latest quarter.
Walmart warned that rising fuel costs are significantly squeezing profit margins and may drive price increases.
KEY POINTS
- Walmart absorbed nearly all recent fuel cost increases, prioritizing low prices over short-term earnings.
- U.S. e-commerce sales at Walmart rose 26% last quarter, with 60% of population eligible for 30-minute delivery.
- Walmart saw its highest general merchandise share gains in five years, largely driven by fashion and related categories.
- April sales slowed post-Easter, and the consumer benefit from higher 2024 tax refunds is fading.
COMPANIES
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