Walmart's 3Q 2022 sales performance showed declining general merchandise sales
while inventory levels remain high, providing a cautious near term outlook for
container volume.
Sales increased 9% driven primarily by grocery items and partly by inflation but
general merchandises were down a low single digit percentage, according to
Walmart's announcement on 16 Nov 2022.
Walmart's inventory level was up 8% QoQ and 13% YoY. The elevated inventory to
sales ratio since 21Q3 suggests that de-stockin