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RBC: ‘Everyone who was going to shop at Walmart already shops at Walmart’ (WMT)

Walmart reported better-than-expected earnings on Thursday, with comparable-store sales up 1.8% over the previous year, making for a 12th straight quarter of positive results. Merchandise volumes — fueled by its $3.3 billion jet.com acquisition a year ago — were also up 67% over the previous year. But analysts at RBC Capital Markets aren’t convinced that the retail giant can continue to grow.
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