Walmart CFO John David Rainey says shoppers remain focused on food and essentials, with spending patterns steady compared to last year. Despite ongoing inflation and tariffs, Walmart’s low prices and strong grocery business have boosted sales and drawn higher-income customers.
Key takeaways:
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Shoppers prioritize essentials over discretionary purchases.
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Walmart’s value focus attracts a broader customer base.
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Technology and new services support continued growth.
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