The state of the economy can be confusing. Consumers, stung by high inflation for two years and navigating a slowing job market, are still spending at a decent clip — but on store-brand soda, not new refrigerators. That puts Walmart, the company that made low prices a mantra, in a good position.

The company said Thursday that sales at Walmart stores in the United States rose just over 4%, to $115.3 billion, beating analysts’ estimates. Its U.S. e-commerce business jumped 22%.

Many see Walmart, the largest retailer in the United States, as a gauge for how American consumers are faring.

Another snapshot on the state of the consumer came Thursday, with data on nationwide retail sales from the Commerce Department. Sales in July were stronger than economists had expected, rising 1% from the previous month. The increase outpaced inflation over that period, reinforcing the notion that consumers remain resilient, if more selective about what they are buying.

At Walmart, transactions during the quarter were up 3.6%, while the average amount spent per visit showed a slight increase, of 0.6%. That combination has been relatively rare for retailers recently: Many have seen cost-conscious shoppers visit less or spend less per trip, or both.

Notably, the company raised its full-year forecast for sales and profits, a signal of its optimism about attracting more shoppers. It said it gained market share with consumers across income brackets, with the richest households once again “primarily” driving those gains.

Walmart has said that, while it still emphasizes low prices on its wide variety of products, the company also has been investing in technology to upgrade its supply chain and e-commerce abilities with the goal of making it easier and quicker for its customers to shop.

Sales throughout the quarter were “fairly consistent,” Doug McMillon, Walmart’s CEO, said Thursday on a call with analysts. “So far we aren’t experiencing a weaker consumer overall.”

For one in three online orders, customers pay extra for delivery under three hours. “If the consumer was so stressed, I don’t think we’d see that behavior,” said John David Rainey, Walmart’s chief financial officer.

Walmart’s stock rose more than 6.5% Thursday.