Walmart (WMT)

[behappyalways]

Mass Automation To Sweep Across Walmart Stores By 2026
https://www.zerohedge.com/technology/ma ... tores-2026

[behappyalways]

Walmart Beats Across The Board, Boosts Guidance But Warns of Spending Softness As Quarter Progressed
https://www.zerohedge.com/markets/walma ... progressed

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Consumers Trade Down From Walmart, Dollar Tree Becomes Supermarket For The Working Poor
https://www.zerohedge.com/markets/dolla ... wn-walmart

[winston]

not vested

Walmart raised its full-year forecast on Thursday (Aug 17) following a jump in quarterly profit, pointing to solid increases at US stores and E-commerce.

The big retailer, which has been seen as well positioned amid inflation because of its reputation for value.

It enjoyed another quarter of growing sales at its namesake US stores, with robust demand for groceries and pharmaceuticals offsetting weakness in discretionary consumption and the effects of wage increases.

Walmart reported second-quarter profit of US$7.9 billion, up 53 per cent from the year-ago period, a period marred by excess inventories due in part to pandemic supply chain issues.

Revenue rose 7.6 per cent to US$152.3 billion.

Source: Phillips

[behappyalways]

“We’re gaining share and our value proposition continues to resonate, both for value and convenience,” Rainey said in an interviewy. “The consumer is still spending, but they’re being discerning in their spending.”

Walmart Erases Gains Despite Beating And Raising Guidance, After Cautious Commentary On Earnings Call
https://www.zerohedge.com/markets/walma ... commentary

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Walmart Pay Cuts For New Hires Indicates Economic Downturn Has Arrived
https://www.zerohedge.com/markets/walma ... c-downturn

[behappyalways]

How Walmart Is Beating Everyone In Groceries
https://m.youtube.com/watch?v=mEgZajtRJmI&t=5s

[winston]

not vested

Walmart (WMT) Reports Q3 Earnings: What Key Metrics Have to Say

Revenue of $160.8 billion, up 5.2% over the same period last year.

EPS came in at $1.53, compared to $1.50 in the year-ago quarter.

Source: Zacks

https://finance.yahoo.com/news/walmart- ... 10468.html

[winston]

not vested

Walmart (WMT) Reports Q3 Earnings: What Key Metrics Have to Say

Revenue of $160.8 billion, up 5.2% over the same period last year.

EPS came in at $1.53, compared to $1.50 in the year-ago quarter.

Source: Zacks

https://finance.yahoo.com/news/walmart- ... 10468.html

[winston]

not vested

Walmart raised its annual sales and profit forecast on Thursday (Nov 16) for the second straight quarter, signalling a strong start to the holiday season.

The US retail giant has used its size and scale to keep prices low despite inflation, drawing in not just low-income shoppers but also more high-income consumers looking for cheaper options to stretch their budgets.

The strong demand for low-priced products from groceries to clothing and gifts, coupled with better in-stock levels, has helped Walmart take more market share from other retailers – including dollar stores – in recent months.

Walmart now expects fiscal 2024 earnings per share of between US$6.40 and US$6.48, up from its prior forecast of US$6.36 to US$6.46.

It sees comparable sales for the full year rising in a range of 5 per cent to 5.5 per cent, compared with an increase of between 4 per cent and 4.5 per cent estimated previously.

Source: Phillips