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Walmart's stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.
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In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.
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Walmart market cap tops $500B post Q1 results Yahoo FinanceWalmart Releases Q1 FY25 Earnings Walmart CorporateWalmart's business surges as shoppers hunt for low prices CNNWalmart's strong first quarter driven by consumers seeking bargains with inflation still an issue The Associated PressWalmart says more diners are buying its groceries as fast food gets pricey CNBC
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