Walmart’s Combination of Factors Attracting Customers Across Income Groups: Expert

Don Ma
By Don Ma
May 16, 2024Business Matters
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Walmart has reported better-than-expected first-quarter results and raised its full-year forecast. During its earnings call, executives said it’s attracting more affluent customers and seeing growth in its online sales.

NTD dives deeper into Walmart’s results with Diya Iyer, the retail director at S&P Global Ratings. Ms. Iyer takes a look at a combination of factors that have drawn shoppers to Walmart and away from other retailers, plus how Walmart and Amazon are starting to look more similar.

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