
Walmart has reported strong quarterly earnings, noting an increase in customers with six-figure incomes shopping both online and in stores. Despite this positive trend, the company’s stock, trading under the symbol $WMT, saw a decline of 8% in pre-market trading following the earnings announcement. CEO Doug McMillon stated, 'Our team finished the year with another quarter of strong results.' Analysts have pointed to the company's ability to attract wealthier shoppers through cheaper national brands and fast delivery services. However, investor sentiment appears to be cautious, as evidenced by the stock's drop despite the earnings beat.