Walmart Faces Shifting Consumer Behaviour Over Inflation, Quarterly Results Beat Estimates

Walmart Faces Shifting Consumer Behaviour Over Inflation, Quarterly Results Beat Estimates

Walmart scored a big jump in revenues partly driven by inflation but the retail giant faces increasing evidence of shifting consumer behavior due to rising prices, according to quarterly results released Tuesday. The big-box retailer, which stunned Wall Street three weeks ago by cutting its profit forecast, ended up reporting…