Walmart rides soaring holiday demand to beat same-store sales estimates

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Walmart Inc beat expectations for same-store sales growth on Thursday, as an early start to the holiday season and a boost from stimulus money ...

REUTERS: Walmart Inc beat expectations for same-store sales growth on Thursday, as an early start to the holiday season and a boost from stimulus money late in the fourth quarter drove demand for electronics, toys and groceries.

Online sales rose 69per cent in the quarter, blowing past a 35per cent increase in the year-earlier period, but slower than a 79per cent surge in the third quarter.

 

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