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Walmart's Q4 Outlook Clouded by Consumer Spending Concerns: JP Morgan Analyst
Benzinga· 2024-08-15 18:14
Walmart Inc WMT shares are trading higher on Thursday after the company announced strong second-quarter 2025 results and raised full-year guidance.The retailer reported adjusted EPS of $0.67 (+9.8% Y/Y), beating the consensus of $0.64 and sales of $169.34 billion, surpassing the consensus of $168.57 billion.Walmart expects third-quarter adjusted EPS of $0.51 to $0.52 versus a consensus of $0.55, and its net sales to grow 3.25% – 4.25% in CC.JP Morgan analyst Christopher Horvers has an Overweight rating on W ...
Walmart says prices are coming down — except in one key area
CNBC· 2024-08-15 17:49
A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles.Prices of many groceries and other items have fallen at Walmart, according to CEO Doug McMillon.Yet the leader of the nation's largest retailer said Thursday that inflation "has been more stubborn" in one particular part of the store: The aisles that carry dry groceries and processed foods. Those include items like carbonated soft drinks.On a call after the discounter posted second-quarter ea ...
Walmart raises sales outlook on strong demand from inflation-battered shoppers
New York Post· 2024-08-15 17:11
Walmart reported better-than-expected second-quarter earnings and raised its yearly forecast as inflation-battered shoppers flocked to its low-priced food, clothing and home goods.Walmart shone thanks to its affordability. Comparable sales, excluding fuel, rose 4.2% in the second quarter since the same period last year, beating expectations. Its online sales soared 22% in the US – and customers spent more than usual, with transactions up 3.6% and average spending rising 0.6% since the same period last year. ...
More High-Income Americans Are Becoming Walmart Shoppers
Investopedia· 2024-08-15 17:05
Key TakeawaysHigher-income households are increasingly Walmart shoppers. The retail giant said market-share gains were "primarily" driven by wealthier households in the latest quarter.Executives said that while shoppers across income levels are attracted by lower prices, wealthier ones are also choosing Walmart for service and convenience. Higher-income households are increasingly Walmart (WMT) shoppers. The retail giant, shares of which were surging more than 6% in intraday trading Thursday after the comp ...
Retail Sales Increased More Than Expected
ZACKS· 2024-08-15 15:55
A massive amount of economic data has hit the tape in today’s pre-market. Retail Sales, Import and Export Prices, Empire State and Philly Fed manufacturing surveys and the normal Weekly Jobless Claims all uniformly sounded the bell that the economy remains strong, and the labor market has not yet fallen off the table.Pre-market indexes leapt at this news: the Dow went from +135 points to +255 a minute later, the S&P 500 moved up from +10 to +30, and the Nasdaq from +45 points to +125. I guess the lesson of ...
Why Walmart Stock Was Surging Today
The Motley Fool· 2024-08-15 15:51
The retail giant delivered another impressive earnings report.Shares of Walmart (WMT 6.53%) were jumping today after the retail giant delivered another strong earnings report, beating estimates on the top and bottom lines and raising its full-year guidance.The results showed that Walmart continues to execute as well as any other retailer in a challenging environment, thriving on the strength of its grocery business, reputation for low prices, and solid execution in the omnichannel.As of 10:13 a.m. ET, the s ...
Retail Stocks Climb Amid Flood of Good News
Investopedia· 2024-08-15 15:45
Key TakeawaysRetail stocks advanced en masse on Thursday after solid quarterly results from Walmart and a jump in retail sales boosted Wall Street's optimism about the sector.Walmart cited "a generally stable consumer" when it raised its full-year sales and earnings forecast. U.S. retail sales increased 1% in July, much more than the 0.3% increase economists were expecting. Americans are still shopping, and Walmart’s strong quarterly results suggest they’re increasingly frequenting value-oriented retailers ...
Walmart (WMT) Stock Rallies on Q2 Earnings Beat, Raised View
ZACKS· 2024-08-15 15:32
Walmart Inc. (WMT) delivered robust second-quarter fiscal 2025 results, wherein both the top and bottom lines grew year over year and surpassed their respective Zacks Consensus Estimate. Encouragingly, management raised its guidance for fiscal 2025. Shares of the company rallied more than 7% in the pre-market trading session on Aug 15.The company experienced growth across all business segments, with rising store and club sales, expanding e-commerce, increased pickup options and accelerated delivery services ...
Walmart raises full-year sales guidance despite profit drop
Proactiveinvestors NA· 2024-08-15 15:25
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Walmart Stock: Buy the Rip or Wait for the Dip?
MarketBeat· 2024-08-15 14:51
Walmart TodayWMTWalmart$73.36 +4.70 (+6.85%) 52-Week Range$49.85▼$74.44Dividend Yield1.13%P/E Ratio31.40Price Target$72.99Add to WatchlistWalmart NYSE: WMT share prices surged following the Q2 release in what amounts to a strong trend-following signal. The caution is that the market gapped strongly with the action, suggesting a pullback to reaffirm support is due. The takeaway for investors is that the Q2 results gave the market what it wanted, and higher share prices are likely, but volatility is also expe ...