Walmart reports strong 4Q results, defying inflation

By ANNE D’INNOCENZIO
The Associated Press

NEW YORK (AP) — Walmart muscled through rising inflation and snarled global supply chains to put up strong fourth quarter results. The Arkansas company reported Thursday that its quarterly profit reached $3.56 billion, or $1.28 per share. Per-share earnings adjusted for one-time costs and benefits was $1.53, or 3 cents better than Wall Street expected. Revenue rose  0.4% to $151.5 billion. Last year during the same period the company lost $2.9 billion due partly to costs related to the pandemic.