Walmart Keeps Picking Up More High-Income Customers
Key Takeaways High-income households are shopping more at Walmart, with its delivery services and membership programs helping drive the growth. CEO Douglas McMillon is optimistic the trend may last "a long time.
Walmart is seeing growth in higher income shoppers, retailer says
The retailer saw share gains in new shoppers across income levels mainly led by upper-income households, which make more than $100,000 in annual income, Walmart officials said during an earnings call on Tuesday. Walmart in a previous earnings call had also highlighted the rise in its higher income shoppers.
Walmart keeps growing with shoppers making more than $100,000 a year
NEW YORK — Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth.
Walmart sees higher-income shoppers as a key to holiday sales growth
Households earning more than $100,000 made up 75 percent of its Walmart’s market share gains in the third quarter, chief executive Doug McMillon said.
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Customers with six-figure salaries are fueling Walmart’s growth
Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth. Walmart’s US sales at stores open for at least a year grew 5.3% last quarter compared with the year prior,
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Walmart Inc. boosted its outlook for the year on strong demand from US consumers searching for value, driving shares up 4% in premarket trading in New York.
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Walmart shareholders have had a very good year so far, handily beating the broader market. They got more good news Tuesday with the company's latest quarterly results. Shares jumped in premarket trading.
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