Reported 3 days ago
Walmart (WMT) is expected to report strong fiscal third quarter earnings with projected revenue of $160.8 billion and adjusted earnings per share of $0.53, as inflation-driven shoppers seek value. Analysts highlight Walmart's competitive pricing, digital convenience, and strong growth in grocery sales, which account for 60% of its U.S. revenue. The company's stock has significantly outperformed its peers this year, and Walmart is also exploring alternative revenue streams through memberships and advertising. The upcoming holiday shopping season is anticipated to boost online spending, benefiting Walmart's digital operations.
Source: YAHOO