0828 ET - Walmart says it has been gaining share of the grocery market by drawing in more upper-income shoppers. The retailer's U.S. grocery business saw comparable sales up in the mid-single-digit percentage range from higher transactions, unit volume and share gains. Cost-conscious consumers are still spending on essentials like groceries but looking to trade down into less expensive retailers and products. Customers across income levels are responding well to Walmart's deals and price rollbacks, the company says. The sales gains were broad-based across food categories, including dairy, pantry products and fresh foods, Walmart says, adding that its own private grocery brand increased its customer penetration during the quarter. (dean.seal@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 08:28 ET (12:28 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。