New York – Walmart Inc. powered through an uncertain economic environment and tariff concerns and delivered solid second-quarter financial results that showed it keeps pulling in shoppers and outpacing peers like Target.
The nation's largest retailer also on Thursday increased its annual profit and sales outlook.
The Bentonville, Arkansas-based retailer reported an increase of 4.6% in comparable sales for the latest quarter – those coming from established stores and online channels. And executives noted it's wooing consumers across all income cohorts, particularly higher income shoppers, with its speedy deliveries, grocery discounts, and trendier fashion.
Walmart's results marked a big difference from that of its rival Target, which reported on Wednesday another quarter of comparable s