Walmart Raises Full-Year Sales, Profit Forecasts as Holidays Start Strong

Walmart Raises Full-Year Sales, Profit Forecasts as Holidays Start Strong
A shopper loads items into her car in the parking lot of a Walmart in Willow Grove, Pa., on May 19, 2021. Matt Rourke/AP Photo
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Walmart Inc. on Tuesday raised its annual sales and profit forecast in anticipation of a surge in demand for toys and apparel during the crucial holiday season, even as global supply chain disruptions hit its margins in the third quarter.

Shares of the world’s largest retailer were flat in pre-market trading, reversing earlier gains of 2 percent.