BENTONVILLE, Ark. (AP) — Walmart posted second-quarter results that topped Wall Street estimates Thursday even as the retailer said gasoline prices above $4 a gallon are prompting many shoppers to make trade-offs, a development that is squeezing household budgets and slowing U.S. sales growth.
The world’s largest retailer reported revenue of $187.9 billion, up 5.9% from a year earlier, and adjusted earnings of 81 cents per share. Both figures beat analyst forecasts. U.S. comparable sales, excluding fuel, rose 2.6%, the slowest pace in more than a year and below expectations.
