Walmart Boosts Outlook Again, Plans Move to Nasdaq
Walmart on Thursday raised its annual forecasts for the second time this year after another strong quarter led by surging online sales, in a signal of confidence headed into the holiday season.
The company also set a December move of its stock listing to Nasdaq from the New York Stock Exchange.
The company reported growth in U.S. comparable sales, which includes online and stores, of 4.5% for the August through October period, above estimates for 3.8% growth, according to LSEG. It forecast annual net sales to rise 4.8% to 5.1%, compared with a...
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