Walmart Stock (WMT): How Walmart is Crushing It in the Retail Industry in 2023?

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Walmart Stock (WMT): How Walmart is Crushing It in the Retail Industry in 2023?

Today, we're going to be talking about a company that you've probably heard of, but may not have considered as a potential investment opportunity. That's right, we're talking about the world's biggest retailer and one of the most widely followed businesses on the market: Walmart!

Now, you might be thinking, "Walmart? Really? What's so special about them?" Well, let me tell you, their latest earnings report surprised many investors by showing strong sales and earnings momentum through the fiscal Q2 period. Walmart gave shareholders a lot to celebrate in that report, including the potential for faster dividend growth from here.

But let's dive a little deeper into the details. Walmart is having no trouble attracting shoppers in this period of high inflation and slowing consumer spending. Comparable-store sales in the core U.S. market rose 6.4%, beating expectations and convincing management to raise their full-year outlook. Walmart now sees sales rising by between 4% and 4.5% this year, up from the prior target of 3% growth.

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