[…] Walmart’s quarterly profit of $5.1 billion was triple the result a year earlier, and its stock rose more than 6% in morning trading following the results and the company’s upgraded forecast for growth this year. However, while McMillon and Rainey were non-committal on long-term prognostications about consumer spending, both noted that non-discretionary categories were down slightly for the quarter. Most of the attention was given to issues and agenda items that were a step removed from its core business model, including a mea culpa on the Walmart healthcare initiative that was scrapped on April 30, as covered by PYMNTS. […]