Walmart posts another strong quarter, but shoppers are spending less per trip as inflation subsides WSOC TV [Video]

NEW YORK — (AP) — 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 and the company’s forecast is below Wall Street expectations.

Shares still rose 3% before the opening bell Tuesday.

Walmart also confirmed that it would buy smart TV maker Vizio for $2.3 billion.

Shoppers have remained resilient, propped up by a strong labor market and steady wages. But Americans pulled back on spending in January after the holiday season splurge.

Walmart, based in Bentonville, Arkansas, is among the first batch of major U.S. retailers to report quarterly results. Industry analysts are dissecting the data, seeking to shed more light on how consumers are feeling, particularly after the government reported a significant decline in consumer spending last month.

Economists attributed part of the pullback to snowy weather conditions, but they also said the slowdown shows …