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Walmart quietly shrinks generous offer for holiday shoppers [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
During the second quarter of this year, Walmart saw its U.S. comparable sales increase by 4.6% year over year, according to its latest earnings report . Additionally, recent data from Placer.ai revealed that foot traffic in Walmart stores increased by 1% year over year during the quarter. However, during an earnings call in August, Walmart CEO Doug McMillon stated that the company has observed a shift in shopping habits among middle- and lower-income customers in stores due to recent economic pressures. “We see more adjustments in middle- and lower-income households than we do with higher-income households,” said McMillon. “In discretionary categories where item prices have gone up, we see a corresponding moderation in units at the item level as customers switch to other items or, in some cases, categories.” Many consumers nationwide have grown concerned about tariffs leading to higher prices for goods and services, which is prompting them to reduce their spending. How U.S. c
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