Walmart beats expectations by attracting wealthy shoppers
Walmart beats expectations by attracting wealthy shoppers
(NewsNation) — Over the years, Walmart has traditionally attracted a lower-income crowd because of its discount pricing. But tough times are bringing thicker wallets through the retailer’s doors.
This was evidenced by Walmart’s quarterly report Tuesday, which beat analysts’ projections for this past fiscal second quarter, as revenue grew by more than 8 percent.
Walmart’s net income was more than…