Walmart often benefits during economic downturns due to its positioning as a low-cost retail option, making it attractive to price-sensitive consumers, especially during periods of high inflation. As inflation persists into 2024, Walmart has seen steady demand for its budget-friendly products, with more consumers seeking out value in groceries and essential goods.

Additionally, Walmart's extensive physical presence and competitive pricing help maintain its market share even as economic pressures drive customers to tighten their spending, contributing to stable revenue performance and positive investor sentiment.