Walmart eked out unexpectedly better sales in its holiday quarter and delivered an upbeat outlook, as the retailer known for price “rollbacks” navigated shipping logjams and surging inflation.
The Arkansas-based retailer predicted net sales for the current financial year will rise “about” 3 per cent in constant currency measures, the company said on Thursday, ahead of analysts’ estimates.
Walmart forecast earnings per share to increase at a “mid single-digit” rate. Excluding divestitures, that rise will be between 5 and 6 per cent. Its guidance for the current financial year is “in line” with what it outlined a year ago.
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