Walmart's Q2 Beats Expectations, Raises Fiscal Outlook

Walmarts recent financial results surpassed expectations, with adjusted earnings per share at sixty-two cents and a six percent increase in revenue to one hundred seventy-nine point five billion dollars. Their US stores saw a four point five percent rise in same-store sales, and Walmart raised its financial outlook for the current fiscal year. However, Sams Clubs growth was slightly less than predicted, and capital expenditures are expected to be at the higher end of estimates. Walmart also announced its move to the Nasdaq exchange.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.