Walmart Gains Higher-Income Shoppers Driving Sales

Walmart said on Thursday that U.S. same-store sales rose 4.6% in the quarter ended Jan. 31, with most share gains coming from households earning over $100,000, CEO John Furner told analysts. Executives pointed to a K-shaped recovery, stretched lower-income wallets, and tariff-driven price effects, while noting investments in AI and a recent $1 trillion market valuation. The results underscore shifting consumer demand toward value retailers.