Companies

Walmart Sales Rise on a Unified Commerce Strategy, Stock Hits a 52-Week High

Walmart reported a third-quarter total of $169.6 billion in sales, 5.5 percent higher than the year-ago period.
Walmart Sales Rise on a Unified Commerce Strategy, Stock Hits a 52-Week High
Shoppers walk to a Walmart store in Vernon Hills, Ill., on March 28, 2023. Nam Y. Huh/AP Photo
Panos Mourdoukoutas
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Walmart’s sales rose as a result of the execution of a unified commerce strategy that integrates online and offline sales; consequently, its stock price hit a 52-week high.

On Nov. 19, the Bentonville, Arkansas-based retailer reported a third-quarter total of $169.6 billion in sales, 5.5 percent higher than the year-ago period. Consolidated operating income was up by $500 million, or 8.2 percent.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”