Walmart shares surge on strong US sales growth

Walmart shares surged Thursday after it reported the strongest US comparable sales in more than a decade as e-commerce investments paid off in a strengthening American economy. The world's biggest retailer said rising online sales, and investments aimed at keeping prices low, boosted store traffic at its namesake US business, the most critical unit for earnings. Despite the revenue gains, Walmart reported an $861 million loss following pre-tax costs of $4.8 billion on a majority stake in its Brazil business.

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