Says continues to expect merchandise category mix to be a headwind. Says Sams Club member data is the richest among the enterprise. Says seeing inflation at low 1% range. Says feels good about where inventory is positioned. Says better leveraging assets. Says has seen some moderation in spending from low-income cohort. Says Walmart (WMT) is more insulated given value proposition. Says has seen accelerated gains with higher income cohort. Says all income levels are participating in delivery. Comments taken from Q3 earnings conference call.
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