Strong sales, profit from Walmart on cusp of holiday season

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Strong sales, profit from Walmart on cusp of holiday season
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Walmart topped almost all expectations in the third quarter, an encouraging sign for the upcoming holiday shopping season already beset by snarled supply chains and rising costs. Walmart posted a profit of $3.1 billion and sales rose 4.1%.

A sign at a Walmart store is pictured Thursday, June 24, 2021, in Oklahoma City. Walmart Inc.on Tuesday, Nov. 16, reported fiscal third-quarter net income of $3.11 billion. On a per-share basis, the Bentonville, Arkansas-based company said it had profit of $1.11.

NEW YORK — Walmart topped almost all expectations in the third quarter, an encouraging sign for the upcoming holiday shopping season already beset by snarled supply chains and rising costs.

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