Walmart's Q4 Earnings Beat Expectations, Announces $2.3 Billion Vizio Acquisition
Despite strong sales, the retail giant cautions about a slowdown in discretionary spending, signaling a cautious economic outlook.
- Walmart's Q4 earnings surpass expectations, with a notable rise in sales and a record high stock price.
- The retail giant announces a $2.3 billion acquisition of TV maker Vizio, aiming to boost its advertising business.
- Despite strong sales, Walmart warns of a slowdown in consumer spending on nonessential items, signaling a cautious outlook for the economy.
- Walmart's focus on value and grocery sales helps attract higher-income shoppers, contributing to its market share gains.
- The company plans to open or expand over 150 stores in the next five years, signaling confidence in its growth potential.