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Walmart slumps as cautious consumer spending outlook clouds Q3 earnings beat

Walmart nudged its full-year profit forecast higher, but noted consumers remained pressured into the final weeks of its third quarter and into the holiday season.

by Martin Baccardax

Looking into the second half of the fiscal year, Walmart sees earnings in the region of $6.40 to $6.48 per share, a two cent improvement to the upper end of its prior forecast, with net sales rising between 5% and 5.5%.

Source: The Street

https://www.thestreet.com/investing/sto ... ngs%2Bbeat

How Walmart Is Automating Its Supply Chain to Deliver the ‘Perfect Order’ | WSJ Shipping Wars
https://m.youtube.com/watch?v=Nf-P-qNej3c

not vested

Walmart is gaining a critical advantage over Amazon (and moving fast)

by Jena Warburton

Amazon pulls ahead in delivery speed and volume but Walmart outpaces it in sales.

By the end of 2024, Walmart is expected to control 26.9% of the grocery market, leaving Amazon with 18.5%.

Part of that advantage has to do with Walmart's pricing power and reputation for good deals.

Having a store within 10 miles of 90% of U.S. households has also helped fuel Walmart’s grocery sales, both offline and online, because it means the company has more curbside and in-store pickup locations available.

Source: The Street

https://www.thestreet.com/retailers/wal ... ing%2Bfast)

Self-Checkout Kiosks At 4,500 Walmarts Now Offer 'Buy Now, Pay Later' Loans For Basic Items
https://www.zerohedge.com/markets/self- ... asic-items

Walmart plans to add 150 stores across the U.S. in the next five years

Walmart發豪語 未來五年全美增150家分店｜FOCUS午間新聞 20240220 @tvbsfocus

https://m.youtube.com/watch?v=SRZGgfwEBkY

not vested

Walmart’s net income jumped to $5.10 billion, or 63 cents per share, in the three-month period that ended April 30, compared with $1.67 billion, or 21 cents per share, in the year-ago period.

Revenue climbed 6% from $152.30 billion in the year-ago quarter.

That increase includes a benefit of roughly 1% from an additional selling day in the period.

The big-box retailer said it now expects to hit the high end or slightly top its previous full-year guidance.

Walmart had expected net sales growth of 3% to 4% and adjusted earnings per share of between $2.23 and $2.37.

Shares of the company hit an all-time high Thursday and closed about 7% higher.

Source: Phillips

not vested

1Q FY25 revenue/earnings beat expectations; better outlook for the full year

Revenue expanded by 6% y/y to USD161.5bn in 1Q FY25, slightly above consensus

Adjusted EPS grew 2% y/y to USD0.60, exceeding market expectations by >10%, with better-than-expected comparable sales growth and gross margin expansion.

2Q FY25 guidance is largely in line with consensus, with potential for full-year guidance to be raised.


1Q FY25 results highlight.

Walmart recorded 1Q FY25 revenue of US$161.5bn, up 6% y/y, slightly above consensus, driven by a 21% growth in global e-commerce sales and stronger-than-expected comparable sales growth of 3.9% (including the growth of 3.5%/4.4% for Walmart US/Sam’s Club US).

Gross margin expanded by 42bps to 25.3%, supported by the margin improvement across all segments (due to fewer price markdowns and healthier inventory levels) as well as the increased contributions from advertising and membership income.

This resulted in a 14% y/y growth in adjusted operating profit to USD7.1bn. Adjusted EPS grew 22% y/y to USD0.60, beating market expectations.

TP: US$71

Source: DBS

https://www.dbs.com/insightsdirect/comp ... ecid=19654

How $WMT makes money
https://x.com/Mayhem4Markets/status/1792872651158864001