Walmart Exceeds <br />Earnings Expectations , as Inflation Heats Up.<br />Walmart analysts point to increased grocery traffic in stores as one of the main reasons for the strong third quarter earnings.<br />Rising costs of everyday purchases due to a hampered supply chain have shoppers seeking lower prices.<br />Walmart's massive operation and infrastructure means the company has bypassed the worst of the supply chain woes.<br />allowing it to maintain<br />relatively stable prices.<br />Walmart CEO Doug McMillon expressed optimism about the holiday shopping season.<br />There’s a level of excitement in the air. You can feel it. , Doug McMillon, Walmart CEO, via CNBC.<br />I’ve been walking away from these stores with a recurring thought, ‘We’re ready, we have the people, the products, and <br />the prices to deliver a great <br />holiday season.’, Doug McMillon, Walmart CEO, via CNBC.<br />Walmart executives say that the company <br />is poised to deflect rising costs.<br />We’ve always been an inflation fighter for customers, Brett Biggs, Walmart Chief Financial Officer, <br />via CNBC.<br />Our scale and the product breadth that we have allows us to do things in a way that is beneficial to customers and beneficial to shareholders, Brett Biggs, Walmart Chief Financial Officer, <br />via CNBC.<br />Despite inflation worries, Walmart executives also say that consumer confidence seems high.<br />Overall, the consumer appears to us to be in really good shape, Brett Biggs, Walmart Chief Financial Officer, <br />via CNBC.<br />Wages are up. Jobs are available and spending appears to <br />be strong, Brett Biggs, Walmart Chief Financial Officer, <br />via CNBC.<br />Walmart is currently valued at <br />nearly $410 billion
