Walmart beat earnings and revenue estimates for the quarter and raised its full-year sales and profit guidance. The company has outperformed the market this year as inflation boosted demand for low prices. Comparable sales rose at Walmart US and 5.2% at Sam's Club, indicating steady consumer spending despite high inflation. While results beat estimates, Walmart's third-quarter earnings guidance was slightly below analyst forecasts. The CEO said they see consumers as still "choiceful" and "value-seeking," but there is no further weakening in consumer health. Walmart stock rose in pre-market trading on the report.
