'Strong' Walmart results come as a relief for the retail sector
Briefly

"Walmart posted better-than-expected sales for its second quarter on Thursday as shoppers continued to flock to the world's biggest retailer. The retailer also raised its profit outlook, guiding for an increase of between 6.5% and 8% in consolidated adjusted operating income... Shares jumped almost 7.5% in premarket trading."
"However, comparable sales have been growing at a slower pace. They rose by 4.2% excluding fuel year-on-year for Walmart US in the quarter to July 31. In the same period last year, comparable sales were up 6.4%. The decline was due to a slowdown in the growth of the average ticket, which grew just 0.6% in the quarter year-on-year."
Read at Business Insider
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