The American chain of Walmart supermarkets it benefited from its reputation for offering good prices to attract customers pressured by inflation, and saw its billing grow more than 7% in the last rolling quarter.
The North American giant had an increase of 7.6% in its income in the three months between February and April over the same period last year. In these three months, the first of its fiscal year, the firm sold for 152,300 million dollars.
Walmart slightly increased its forecasts for 2023.
Sales were boosted by a 4.4% rise in prices, but also by a higher volume of transactions.
The group, which has some 10,500 stores, noted that it gained market shares in sectors such as food.
Some consumers preferred to turn to stores with lower prices, and that benefited the brand.
The stores Home Depotarticles for construction and home renovation, and supermarkets Targetpresented their less encouraging results on Tuesday and Wednesday.
“Customers continue to seek added value considering inflation. We see it in the United States and in other markets such as Mexico, Canada or Chile,” Walmart head Doug McMillan said during a conference call.
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