image credit: Mike Mozart / Flickr
Walmart on Tuesday reported first-quarter earnings that surged past Wall Street’s estimates as the company reported strong grocery sales and e-commerce growth and raised its outlook for the year.
Shares were up more than 3% in premarket trading.
The big-box retailer said more shoppers have headed to its stores and website to spend stimulus checks and to get ready to socialize again as Covid cases decline and vaccination rates rise.
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