finance.yahoo.com

Walmart Sales Grow 3.4% as Consumers Trade Down Amid Slower Spend Growth

Walmart logoWalmart
Sig1.65Sen-1.55Env0.00Soc0.00Gov0.00
Home Depot logoHome Depot
Sig2.60Sen+1.80Env0.00Soc0.00Gov0.00

Comparable sales rose 3.4% even as growth cooled, with commentary suggesting more affluent households are trading down to Walmart and creating a structural tailwind. However, shrinking basket sizes and weaker average spending growth show broad budget pressure. Even with trade-down demand supporting sales, Walmart couldn’t sustain stronger spending growth.

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