Walmart raises guidance boosted by strong revenue, e-commerce growth

Quick Summary:

Store improvements, an accelerated digital presence and a growing advertising business is separating the retailer from its competitors, according to analysts.

Increased investment in e-commerce is enabling the retailer to compete on convenience, analysts said.

Additionally, that general merchandise also performed better in Q3, delivering a low single digit gain in comparable sales, is another positive for the quarter, Neil Saunders, managing director of GlobalData, said in emailed comments.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United States

Topics: Convenience Analysts Quarter Walmart Growth Saunders Retailer Rainey Strong Store Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 10:58:59 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Retail Dive

News ID: 23704070

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