Walmart’s fiscal third-quarter earnings surpassed Wall Street’s expectations as price-sensitive shoppers stuff their carts. Earnings per share went up $1.45 adjusted, exceeding the expected price of $1.40. The Q3 earnings went up as price-sensitive shoppers jammed the Walmart stores when they heard about the rising inflation. The retailer placed its seasonal inventory orders early to meet the festive demand and has prioritized space delivery. Walmart’s inventory is up 11.5%, just in time for the busy shopping season.
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