Walmart Inc. beat profit and sales expectations on Thursday and set a strong full-year earnings forecast, showing steady consumer demand at stores even as supply-chain issues and rampant inflation pressured margins. While Walmart increased prices on some products, the biggest U.S. retailer still undercuts rivals due to its scale and negotiating power with suppliers, helping market share in key areas such as groceries. “We think consumers will become more price-conscious this year. Just because of the psychological effect of inflation being at a 40-year high, we expect consumers to trade down and that should bode well for Walmart in 2022,” CFRA Research analyst Arun Sundaram said in a note. The company forecast fiscal 2023 adjusted earnings per share will rise 5 percent to 6 percent, while analysts had expected a 4.4 percent increase, according to Refinitiv data. It estimates full-year U.S. comparable sales growth above 3 percent, also more than …