Households earning more than $100,000 are driving sales growth at famed value retailer Walmart.
FILE - A customer shops in a Walmart Supercenter on February 20, 2024, in Hallandale Beach, Florida.
“Households earning more than $100,000 made up 75% of our share gains,” McMillon said on the call. “In the U.S., in-store volumes grew, curbside pickup grew faster, and delivery sales grew even faster than that.”Walmart’s Chief Financial Officer John David Rainey said general merchandise and consumables were “deflationary” in the quarter, while food saw low single-digit inflation.
“Where businesses can do well these days is where they're providing either the perception of value or actual value,” Hamrick said. “And Walmart has always been regarded as being hyper-focused on value.”Surveys from The Associated Press And 39% of voters said the economy and jobs were the top issues facing the country. That was the top answer among a list of issues that included immigration, abortion, crime and climate change.
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Walmart wins big as $100k earners boost sales, proving value is key in inflation fightHouseholds earning more than $100,000 are driving sales growth at famed value retailer Walmart.
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