Business Standard

Walmart forecasts profit above expectations as demand holds firm

Net revenue in Walmart's fourth-quarter showed a surprise 0.5% increase to $152.87 billion

walmart
Premium

File Photo

Reuters
Walmart Inc beat full-year profit and U.S. sales expectations on Thursday, signaling steady demand at stores even as supply-chain issues during the holiday season and rampant cost inflation pressured the retail giant's margins.

Shares of the world's largest retailer and a consumer bellwether rose 3.3% in premarket trading.

While Walmart has increased prices on some products, it still undercuts rivals due to its scale and negotiating power with suppliers, helping it gain market share in key areas of business such as groceries.

Walmart has previously said it has been asking suppliers to keep prices low in order to take market share, U.S. chief

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 17 2022 | 7:05 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com