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Walmart Is Back on Track; Markets Looking Healthier

publication date: Nov 15, 2022
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Image: Walmart’s operating income performance, while still under pressure, improved considerably during the third quarter. Image Source: Walmart. 

Walmart Inc. was the canary in the coal mine earlier this year when the company reported its first-quarter 2022 results in May that showed spending on food staples and energy (gas) was cutting into discretionary general merchandise (hardline) spending. However, market sentiment seems to be improving these days, and the firm’s third-quarter results released November 15 showed the huge big box retailer is getting back on track. Though we’re not going to be adding Walmart to any newsletter portfolio, we like what we saw in the quarterly report.


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