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The Independent UK
The Independent UK
National
Anne d'Innocenzio

Walmart reports standout quarter under new CEO as wealthy shoppers flock to stores

Walmart has managed higher costs both by shifting what it offers on store shelves while absorbing some higher costs - (Getty Images)

Walmart has reported another standout quarter as the promise of lower prices and speedy deliveries drew in a broader spectrum of Americans during the critical holiday shopping period, including wealthier households.

The outlook from the Bentonville, Arkansas, company, however, hinted at a volatile economic environment ahead on Thursday.

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