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August 17, 2018
NEW YORK — Walmart raised its financial outlook for the year after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares rose nearly 10 percent.
The upbeat report indicates that Walmart's efforts to improve the experience shoppers have at its stores and expand its online services, particularly in grocery, are helping bring people to its websites and stores. Like many other retailers, Walmart is also benefiting from a stronger job market and rising confidence. Home Depot and Macy's both raised their forecasts this week.
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