Walmart earnings: America’s largest retailer is navigating the supply chain well

America’s largest retailer and major consumer spender reported strong sales growth in its most recent quarter. The company also boosted sales and profit growth year-over-year, a sign it is expecting a strong holiday shopping spree.

Walmart (WMT) on Tuesday speak Sales at US stores open for at least a year increased 9.2% in the three months ended October 31, compared with the same period a year earlier. The company has raised its full-year sales guidance, expecting sales to grow above 6% for the year.
Walmart used enormous size and influence to navigate supply chains and inflationary pressures.

Several major retail chains, including Walmart, have chartered their own ships to ship from Asia, stockpiling more goods, and rely on their deep pockets and extensive supplier bases to adjust shipping limits. supply constraints. Those options are too expensive and inaccessible to most small stores, which often have less financial flexibility to absorb higher costs and keep prices for customers lower than their counterparts. big competitor.

Although many stores are having trouble stocking up, Walmart’s inventory levels rose 11.5% last quarter from a year earlier as the company stocked up ahead of the holiday season.

“We have the people, products, and prices to deliver a great holiday season to our customers and members,” Walmart CEO Doug McMillon said in a statement Tuesday.

Shares of Walmart rose slightly in pre-market trading.


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