Panel on pot stocks, Walmart, markets
Walmart Inc. raised its full-year earnings outlook as another batch of stimulus checks propelled same-store sales past Wall Street estimates.
The Bentonville, Arkansas-based retailer reported same-store sales, excluding fuel, rose 6% year over year, exceeding the 0.86% gain that analysts surveyed by Refinitiv were expecting.
“Our optimism is higher than it was at the beginning of the year,” CEO Doug McMillon said in a statement. “In the U.S., customers clearly want to get out and shop.”
Walmart anticipates fiscal 2022 earnings will increase by high single digits, up from its previous forecast of a small decline for the year.
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