By  on February 19, 2019

Walmart Inc. on Tuesday provided good news for the U.S. retail sector, reporting its best quarterly results in recent years, including comparable-store sales growth of 4.2 percent, excluding fuel. U.S. comps excluding fuel rose 2.6 percent in the year ago quarter. Walmart U.S. logged its strongest comp-store sales growth in nine years, 6.8 percent, when measured on a two-year stack.

Last week, the U.S. Department of Commerce said retail sales continued to drop for the first two months of the 2019 first quarter, prompting a retail sell-off on Wall Street. Official figures showed retail sales across stores, restaurants and online slumped 1.2 percent in December, but the figures could be revised another one or two times.

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