New York CNN —
Americans are cutting back on Disney parks, Big Macs and Starbucks coffee. But they keep shopping at Walmart.
Walmart’s US sales at stores open for at least one year increased 4.2% last quarter and its operating income surged 8.5% during the quarter. Walmart’s US digital sales are booming: They grew 22%.
The company raised its sales and profit guidance for the year, a sign it expects its strong growth to continue. Walmart’s (WMT) stock surged 7% during pre-market trading Thursday.
Walmart is America’s largest retailer and a gauge of consumer
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