Color Walmart CEO Doug McMillon impressed with his company’s performance after reporting third quarter sales that exceeded both the retailing giant’s expectations as well as those of Wall Street.
Walmart’s core business in the U.S. posted a 9.2 percent year-over-year gain in same-store sales. The retailer’s comps were up 15.2 percent on a two-year basis. Grocery was a key driver for Walmart during the period with sales up nearly 10 percent, the strongest quarterly growth for the company in six quarters.
