Grocery segment drives Walmart sales growth

Walmart Inc. has posted an increase of nearly nine percent in sales for the third quarter, as Americans turned to its groceries to stretch their budgets. In Canada, net sales were up 5.5 percent while comp sales rose by 5.2 percent. The retail giant’s net loss of $1.8 billion, or $0.66 per share, was driven by settlement of litigation related to opioid sales in its pharmacy business. On an adjusted basis, Walmart reported earnings of $1.50 per share.