1528 ET [Dow Jones]--Walmart Inc. is one of the most talked-about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Walmart reported stronger-than-expected sales during the fall quarter, an indication shoppers were looking for deals but still spending ahead of the holiday shopping season. Sales of groceries, store brands and seasonal items were strong, the company said, helped by higher prices. Shopper visits to stores increased 2.1% in the third quarter. Walmart said Tuesday that households continue to face pressure from rising food prices, and lower-income shoppers are eating into savings. The company remains cautious on the health of the U.S. consumer over the next year and is working to lower prices. Walmart shares were 0.62% higher at $148.43. Dow Jones & Co. owns Factiva. (matthew.walker@dowjones.com)

 

(END) Dow Jones Newswires

November 16, 2022 15:53 ET (20:53 GMT)

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