Walmart beats sales, raises outlook as higher-income consumers continue to turn to the retail giant

Walmart (WMT) reported another solid quarter as its business proved resilient against discerning consumers and sticky inflation.

In Q2, revenue grew 4.8% to $169.34 billion, compared to the $168.46 billion expected. Adjusted earnings also beat estimates at $0.67 per share, a 9.8% year-over-year increase.

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