Walmart reported a strong Q3 revenue of $160.8 billion, with US same-store sales rising 4.7%. However, fashion and home goods sales declined due to stretched shoppers.

Walmart’s full-year earnings per share projection increased to $6.40 to $6.48.

Target’s early holiday read was not encouraging, with CEO Brian Cornell stating that “resilient” consumers have weathered student loan repayments and inflation, but cautioned about budget management.