Walmart delivered strong third-quarter results that bode well for the company as it heads into the holiday season and raised its full-year earnings guidance for the third consecutive quarter.
The retail giant sounded a confident note as it deals with supply chain disruption, labor shortages and inflation. Similar to other big retailers such as Home Depot and Target, Walmart has been chartering its own ships to move goods across the globe. The company that its U.S. inventory was up 11.5% ahead of the holiday season.
“We have the people, the products and the prices to deliver a great holiday season for our customers and members,” stated Doug McMillion, president and CEO, Walmart.Chain Store Age