In a robust earnings report released on Thursday, US retail giant Walmart announced higher quarterly revenue and raised its fiscal outlook, outperforming analyst expectations. The company’s revenue for the three months ending October 31 surged by 5.8% to $179.5 billion, while earnings per share stood at 62 cents, exceeding estimates. Walmart’s performance is seen as a critical indicator of consumer behavior, particularly as households across income groups grapple with escalating living costs.