Walmart reports strong sales but provides cautious outlook

Walmart reported strong fourth-quarter earnings of $4.24 billion, or 53 cents per share, exceeding Wall Street expectations, with sales rising 5.6% to $190.7 billion. The company attracted wealthier customers during the holiday season, driven by its promise of lower prices, but warned of a volatile economic outlook ahead. New CEO John Furner leads Walmart as it anticipates sales growth of 3.5% to 4.5% for the current quarter. Despite a dip in shares, Walmart’s valuation surpassed $1 trillion, reflecting its significant market presence.

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