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Stock impact report

How Walmart is winning with higher-income shoppers [FOX Business Network]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
It's not an accident, either. Rainey, who joined the company in 2022 after holding significant positions at PayPal and United Airlines, told FOX Business that the nation's largest retailer has been "upleveling" its brand and enhancing the looks of stores, which are key factors behind its appeal to higher-income shoppers. "Today's Walmart is very different than the Walmart of several years ago," Rainey said, adding that it has been making changes that "appeal to a much broader demographic than what we have historically." Over the past few years, Walmart has consistently reported an increase in higher-income households. In its latest fiscal quarter, the company announced it had continued to "gain market share in the U.S., both in grocery and general merchandise," with households earning more than $100,000 accounting for 75% of its share gains. The company reported that its third-quarter revenue climbed more than 5% from the prior quarter to $169.6 billion, beating Wall Street's Show less Read more
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