Reported 2 months ago
Walmart's second quarter earnings report, scheduled for August 15, 2024, is highly anticipated as analysts expect the company to show resilience in a weak consumer spending environment. Analyst Michael Lasser predicts that Walmart will maintain consistent consumer demand due to its focus on groceries and household products, which will likely contribute to market share growth. Additionally, Lasser expects rapid growth in alternative profit areas like advertising and membership fees, and anticipates Walmart to raise its full-year guidance, supporting a bullish outlook for the stock.
Source: YAHOO