Walmart Posts Strong Sales, Earnings as Shoppers Look for Discounts

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Walmart said December was the largest sales volume month in its history.Photo: Joe Raedle/Getty Images

Walmart Inc. reported strong quarterly sales Tuesday as cash-strapped shoppers gravitated to the discount retailer for food and other essentials and continued to pay higher prices on many items compared with last year. 

U.S. comparable sales, those from stores and digital channels operating for at least 12 months, rose 8.3% in the quarter ended Jan. 27, compared with the same period last year. That beat analyst expectations of 4.9% growth, according to estimates from FactSet.

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