Walmart Boosts Outlook While Warning of Higher Costs
Walmart Inc. raised its full-year sales and profit outlook, a sign the world’s biggest retailer is winning over price-sensitive shoppers while absorbing rising costs. The company now sees net sales...
By Bloomberg Markets · Bloomberg Markets
Walmart Inc. raised its full-year sales and profit outlook, a sign the world’s biggest retailer is winning over price-sensitive shoppers while absorbing rising costs. The company now sees net sales rising 4.8% to 5.1%, higher than its previous projection in August. It marks a second increase in forecast during the fiscal year. Bloomberg's Jen Bartashus joins to discuss with Paul Sweeney and Scarlet Fu. (Source: Bloomberg)