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Walmart set to raise its full-year forecast as shoppers stick to essentials - Vimarsana News

Walmart set to raise its full-year forecast as shoppers stick to essentials

By Siddharth Cavale NEW YORK (Reuters) - Walmart is set to raise its full-year earnings forecast on Thursday when it reports quarterly results, as U.S...

Source: kelo.com
Walmart Set To Raise Full-Year Forecast As Shoppers Stick To Essentials - Vimarsana News

Walmart Set To Raise Full-Year Forecast As Shoppers Stick To Essentials

Walmart is expected to raise its full-year earnings forecast on Thursday when it reports quarterly results.

Walmart set to raise its full-year forecast as shoppers stick to essentials - Vimarsana News

Walmart set to raise its full-year forecast as shoppers stick to essentials

Walmart is set to raise its full-year earnings forecast on Thursday when it reports quarterly results, as U.S. shoppers continue to buy essentials even as borrowing costs rise, lending standards tighten and the employment picture weakens. A monthly survey conducted by brokerage Stifel in August showed that more people intend to shop at Walmart compared to Costco and Target, even as they planned to spend 16% less on back-to-school purchases this year compared to a year ago. Walmart is in a sweet spot among retailers as broader economic stresses push more people to shop for essentials such as ...

Source: yahoo.com
Walmart set to raise its full-year forecast as shoppers stick to essentials - Vimarsana News

Walmart set to raise its full-year forecast as shoppers stick to essentials

Walmart is set to raise its full-year earnings forecast on Thursday when it reports quarterly results, as U.S. shoppers continue to buy essentials even as borrowing costs rise, lending standards...