The retail giant posted healthy profit and revenue beats Tuesday morning, while standing by its forecast for the second half. Earlier disclosures set the stage for the results. Last month, Walmart warned its profits would be squeezed as customers, dogged by sky-high inflation, sought out bargains on lower-margin items such as groceries as they shunned more profitable discretionary items like electronics. The retailer, like others in the space, has had to work through a glut of excess inventory, too, as shoppers changed their behaviors. Earnings aren't the only big news for Walmart this week. On Monday, the retailer announced a deal to offer the Paramount+ streaming service, home of "Paw Patrol" and "Star Trek: Strange New Worlds," to Walmart+ subscribers.

@Daily_Discussion