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Stock impact report

Walmart hikes sales and earnings forecast as it attracts shoppers across incomes [MSNBC.com]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: MSNBC.com
As a retail giant that draws shoppers across incomes, Walmart is closely watched as an indication of the health of the U.S. consumer and how PresidentDonald TrumptariffsWalmart has gained more high-income customers as even affluent households sought relief from pricier grocery bills due to high inflation in recent years. That cohort also has responded to store remodels and faster deliveries.That growth continued in the most recent quarter, Rainey told CNBC. He said Walmart has gained market share across incomes, but "they're more pronounced in the upper-income segment."Some of those shoppers have come to Walmart for speed, Rainey said. The retailer can now deliver to about 95% of U.S. households from stores in under three hours.Customers now expedite about a third of its online orders from stores to arrive in one- or three-hour timeframes, he said. He said revenue related to those faster deliveries has increased 70% year over year. The company charges a fee for some speedier orders, a Show less Read more
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