Growth Wanes at Instacart, GopuffRead more

Briefing
markets e-commerce

Walmart Raises Revenue Guidance As Downturn Draws Bargain Hunters

By
Ann Gehan
· · Source: The Information

Walmart raised its outlook for the rest of the year, as its discounts continue to attract younger and wealthier shoppers for essential purchases like groceries. The big-box giant now expects net sales to increase around 3.5% this year, after warning earlier this year that sales growth would slow due to economic pressure on consumers. Total revenue jumped 7.6% from a year earlier to $152.3...

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