Sam's Club was the only Walmart division to grow both comparable-store sales and operating earnings during the first quarter, with comps rising 4.2% - the banner's fifth consecutive quarter of positive comps - led by food and consumables.“What we're most pleased about is the quality of the results,” Brian C. Cornell, president and chief executive officer of Sam's, told analysts earlier this month at the parent company's investor conference.
“The top line was fueled by increased traffic, with current members shopping more frequently, buying more items and shopping more categories despite the inflationary environment, and we're also attracting new members to the club.
Source: SupermarketNews
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