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Walmart surges heading into holidays

Walmart notched another quarter of strong sales growth and raised its expectations for the holiday shopping season."We're prepared for a good holiday...

Posted: Nov 14, 2019 7:36 AM

Walmart notched another quarter of strong sales growth and raised its expectations for the holiday shopping season.

"We're prepared for a good holiday season," Walmart CEO Doug McMillon said in a statement Thursday.

Walmart, America's largest retailer, is a bellwether of consumer health and the retail sector. The company's upbeat results are a sign American consumers are confident heading into the holiday stretch.

During Walmart's most recent quarter, sales at Walmart stores in the United States open at least a year increased 3.2% compared with the same period a year ago. Walmart's digital sales during its most recent quarter grew 41%, led by online grocery pickups and deliveries. It was Walmart's best quarter of online sales this year.

The company also raised its guidance for the remainder of the year, reflecting its high expectations for the holidays.

"Walmart will again be one of the primary pacesetters," Moody's analyst Charlie O'Shea said.

In recent years, Walmart has successfully defended its stores against Amazon and rival retailers and pressed its advantage with middle- and lower-income shoppers across the country. Walmart has invested heavily in lowering prices, remodeling stores and expanding online.

Walmart's stock has increased 29% so far this year, outpacing the S&P 500. Walmart shares rose about 3% during pre-market trading Thursday.

California Coronavirus Cases

Data is updated nightly.

Cases: 3559311

Reported Deaths: 51794
CountyCasesDeaths
Los Angeles118923221241
Riverside2894503767
San Bernardino2860772783
Orange2607213982
San Diego2589823260
Santa Clara1102371777
Kern102627811
Fresno950151422
Sacramento929611464
Alameda802791241
Ventura77395834
San Joaquin665691082
Contra Costa62164674
Stanislaus55887946
Tulare47784746
Monterey42138327
San Mateo38872515
San Francisco34138398
Santa Barbara31763407
Solano30024164
Merced28915395
Sonoma28004298
Imperial26855589
Kings21951218
Placer19763232
San Luis Obispo19612227
Madera15414209
Santa Cruz14588183
Marin13136197
Yolo12787185
Shasta10969174
Butte10922160
El Dorado9095100
Napa899869
Sutter884597
San Benito575259
Yuba573336
Lassen560119
Tehama508152
Tuolumne394659
Nevada394074
Mendocino379643
Amador344841
Humboldt318033
Lake314140
Glenn221923
Colusa212813
Calaveras190547
Siskiyou174014
Inyo128736
Mono12114
Del Norte9875
Plumas6536
Modoc4524
Mariposa3957
Trinity3675
Sierra990
Alpine810
Unassigned00
Chico
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Hi: 64° Lo: 41°
Feels Like: 63°
Oroville
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Hi: 62° Lo: 43°
Feels Like: 63°
Chico
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Hi: 56° Lo: 38°
Feels Like: 63°
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Feels Like: 65°
Red Bluff
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Hi: 61° Lo: 42°
Feels Like: 65°
Chico
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63° wxIcon
Hi: 66° Lo: 43°
Feels Like: 63°
It was a bright and breezy Friday for northern California, however the wind has been much stronger over Modoc County where a High Wind Warning is in effect through this evening. Stronger wind and cooler air will define our weather Saturday.
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