In Q2, Walmart managed inflation and inventory levels
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Weeks after lowering sales guidance, Walmart delivered reasonable sales growth amid heightened inventory levels. America’s largest retailer saw U.S. sales grow 6.5% compared to the previous year’s quarter while increasing in-store fulfillment for online ordering by nearly 40%. Management noted a fair number of shifts in consumer behavior, with shoppers trading from deli meats to canned tuna. “We finished the quarter on a strong note,” CFO John David Rainey told investors on the call.
In Q2, Walmart managed inflation and inventory levels
In Q2, Walmart managed inflation and…
In Q2, Walmart managed inflation and inventory levels
Weeks after lowering sales guidance, Walmart delivered reasonable sales growth amid heightened inventory levels. America’s largest retailer saw U.S. sales grow 6.5% compared to the previous year’s quarter while increasing in-store fulfillment for online ordering by nearly 40%. Management noted a fair number of shifts in consumer behavior, with shoppers trading from deli meats to canned tuna. “We finished the quarter on a strong note,” CFO John David Rainey told investors on the call.