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Walmart Raises Guidance, Buoyed by Growth in 3 Key Categories

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It would seem there is indeed some pent-up consumer demand. Walmart saw first-quarter sales increase 2.7 percent to $138.3 billion, with comparable sales in the U.S. outperforming company expectations and increasing 16 percent on a two-year basis. And although net income fell 31.6 percent to $2.7 billion, adjusted earnings came in at $1.69 per share,…

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