Grocery assortment, Neighborhood Market boost Walmart's Q1

May 19, 2016 12:01 PM

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While Walmart's (WMT) profit fell in the first quarter, but its results were well ahead of Wall Street's expectations Thursday, proving to be one of the few retail success stories in recent months.

A better assortment and being more consistently in stock helped boost sales in grocery, an area Walmart has been trying to improve, while the company's Neighborhood Market stores also enticed shoppers. Sales at Walmart U.S. stores open at least a year increased 1%, the seventh consecutive quarter of...

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