Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain.The company also on Tuesday cut its full-year earnings forecast, sending shares down more than 8 percent in morning trading.Walmart Inc, based in Bentonville, Arkansas, is among the first major retailers to report quarterly results and is considered a major barometer of spending given its size and the breadth of its customer base.
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