Walmart puts up strong Q3, announces opioid settlement

KIFI

Published November 15, 2022 5:57 AM

By ANNE D’INNOCENZIO
AP Retail Writer

NEW YORK (AP) — Walmart reported higher sales in the fiscal third quarter as more Americans seek to cut spending in face of high inflation. Also on Tuesday, Walmart, based in Bentonville, Arkansas, agreed to pay $3.1 billion to settle lawsuits nationwide over the impact of prescriptions its pharmacies filled for powerful prescription opioid painkillers. The agreement must still be approved by 43 states to take effect. The settlement is similar to those already announced by CVS Health and Walgreen. Walmart sales rose 8.7% to $152.81 billion.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.