Walmart growth streak stretches to 21 quarters; sales up 3% in Sep quarter

Walmart Inc reported better-than-expected third quarter US comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.

The world’s largest retailer also raised its annual earnings outlook, sending its shares up over 3 per cent in premarket trade.

Walmart has now posted a 21-quarter, or over five-year, streak of US growth, unmatched by any other retail chain.

Sales at U.S. stores open at least a year rose 3.2%, excluding fuel, in the quarter ended Oct.31. Analysts estimated growth of 2.9%, according to IBES data from Refinitiv.