Walmart is crushing it

"Even in challenging times, Walmart continues to deliver solid results. The retail giant posted strong sales for the third quarter, with a 4.5% increase in same-store sales, beating analysts' expectations. Its e-commerce division saw a 27% increase during the quarter. "We're gaining market share, improving delivery speed, and managing inventory well. We're well-positioned for a strong finish to the year and beyond that, thanks to our associates," outgoing CEO Doug McMillon said."

"McMillon is set to retire in January and be succeeded by John Furner, who heads-up the company's US division. Walmart is the largest retailer in the world, and more than one in four grocery dollars in the US is spent at one of Walmart stores. That scale gives the company a unique lens into the financial health of American households."

Walmart delivered a 4.5% increase in same-store sales for the third quarter, outpacing analysts' expectations. E-commerce sales grew 27% during the quarter, contributing materially to overall revenue gains. The company is attracting both low- and high-income shoppers and is improving delivery speed while managing inventory effectively. Market-share gains are evident across formats and categories. Doug McMillon will retire in January and John Furner will assume leadership of the company. Walmart's scale captures more than one in four grocery dollars in the US, offering a broad indicator of household financial health.

Read at Business Insider