Walmart posts another strong quarter, but shoppers are spending less per trip as inflation subsides

Walmart reported another quarter of stellar results, ending the year on a high note as its low prices attract shoppers looking for deals in a an economically challenging environment for many. But shoppers are spending less per trip as prices are abating. The company delivered an earnings outlook that came under analysts’ expectations. Shares still rose more than 2% before the opening bell Tuesday. Walmart also confirmed that it would buy smart TV maker Vizio for $2.3 billion. Walmart earned $5.49 billion, or $2.03 per share in the quarter ended Jan. 31. That compares with $6.27 billion, or $2.32 per share in the year ago quarter. Adjusted earnings was $1.80 per share.