Walmart Smashes Q2 Expectations By Thriving On Cost-Conscious Consumer Behavior

Walmart Inc (NASDAQ: WMT) just reported its latest quarterly performance before the bell and it delivered plenty of good news. Besides smashing Wall Street’s profit and revenue estimates, Walmart lifted its full-year guidance, which is quite a sharp contrast to the report its rival Target (NYSE: TGT) posted yesterday. Second Quarter Highlights Revenue for the quarter amounted to $161.63 billion, topping Refinitiv’s estimate of $160.27 billion. Net income rose 33% to $7.89 billion, or $2.92 per s