Walmart sees third quarter loss on opioid settlement but lifts outlook

US retail giant Walmart posted a $1.8 billion loss in the third quarter after a settlement resolving allegations on opioid cases, but lifted its full-year outlook on strong quarterly results.

The big-box retailer, which has been contending with a dimmer profit environment this year as surging inflation squeezed households, said Tuesday that it “continued to gain market share” in the grocery segment, as revenues topped expectations.

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