Walmart has confirmed its acquisition of Vizio, a leading smart TV maker, alongside the announcement of robust quarterly sales growth, despite a slight moderation in consumer activity in the US.
The retail giant unveiled its fourth-quarter results on Tuesday, surpassing expectations set by Wall Street. During the holiday season, consumers leaned towards Walmart for value, particularly online, with e-commerce sales surging by 23% year-over-year, exceeding $100 billion.
Following the financial update, Walmart's shares surged nearly 3% in premarket trading. CEO Doug McMillon highlighted the company's continued market share growth and enhanced customer experience, particularly during the peak holiday shopping period.
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