Core Insights - Walmart Inc. has a market capitalization of $816.9 billion and operates through three main segments: Walmart U.S., Walmart International, and Sam's Club, focusing on delivering value and convenience to customers with everyday low prices [1] Stock Performance - Over the past 52 weeks, Walmart's stock has increased by 25.9%, outperforming the S&P 500 Index, which gained 18.3% [2] - Year-to-date, Walmart shares are up 13.4%, lagging behind the S&P 500's nearly 17% increase [2] - Compared to the Consumer Staples Select Sector SPDR Fund, which declined by 4.7% over the past 52 weeks, Walmart's stock has shown stronger performance [3] Financial Results - In Q2 2026, Walmart reported an adjusted EPS of $0.68, missing consensus estimates, while revenue rose 4.8% year-over-year to $177.4 billion, exceeding expectations [4] - Operating income fell by 8.2% to $7.3 billion due to legal and restructuring costs, higher liability claims, wage increases, and strategic investments [4] Earnings Forecast - For the fiscal year ending January 2026, analysts project Walmart's adjusted EPS to grow by 3.6% year-over-year to $2.60 [5] - Walmart has a mixed earnings surprise history, beating consensus estimates in three of the last four quarters [5] Analyst Ratings - Among 38 analysts covering Walmart, the consensus rating is a "Strong Buy," with 31 "Strong Buy" ratings, six "Moderate Buys," and one "Hold" [5] - The current analyst configuration is more bullish than three months ago, when there were 29 "Strong Buys" [6] Price Targets - RBC Capital analyst Steven Shemesh reaffirmed a "Buy" rating on Walmart with a price target of $116 [7] - The mean price target of $114.24 indicates a 10.6% premium to Walmart's current price, while the highest price target of $129 suggests a potential upside of 24.9% [7]

Core Insights - Walmart and Costco are two leading retail giants that emphasize value-driven shopping globally, with Walmart being the largest retailer and Costco operating on a membership-based model [1][2][3] Walmart Overview - Walmart operates over 10,750 stores in 19 countries, serving approximately 270 million customers weekly, with a market capitalization of about $846.5 billion as of October 29, 2025 [1] - The company benefits from a diverse business model, generating growth from stores, digital advertising, memberships, and marketplace operations, which provide new profit streams [4] - Walmart's digital and logistics capabilities have improved significantly, using its store network as fulfillment hubs for faster delivery [5] - In Q2 of fiscal 2026, Walmart's total revenues increased by 5.6% in constant currency, with comparable sales in Walmart U.S. up by 4.6% and international sales rising by 10.5% [6] - Management anticipates operating income to grow faster than sales for the full year, with expected consolidated net sales growth of 3.75-4.75% and adjusted EPS in the range of $2.52-$2.62 for fiscal 2026 [8] Costco Overview - Costco operates around 914 warehouses globally, with a market capitalization of approximately $404.4 billion [2] - The company's membership fees increased by 14% in Q4, with renewal rates above 89.8% worldwide, indicating strong customer loyalty [10][11] - Costco's business model focuses on bulk purchasing and efficient supply chains, allowing it to maintain low prices [11] - In Q4 of fiscal 2025, Costco's e-commerce sales rose by 13.6% year-over-year, with digitally enabled sales exceeding $27 billion [14] - The company plans to open 35 new locations in fiscal 2026, reflecting its commitment to expansion [13] Comparative Performance - Over the past year, Walmart shares gained 25%, significantly outperforming Costco's 4.4% increase [21] - Walmart's forward P/E ratio is 36.02, while Costco's is 45.01, with Costco appearing more appealing based on its valuation relative to its one-year median [24] - In the current inflationary environment, Walmart is viewed as a stronger near-term investment due to its diversified revenue streams and strength in groceries [25]

Core Insights - Retail workers at Bunnings and Kmart face over 1000 threats from customers each month, with a significant rise in incidents involving weapons [1][3] - Wesfarmers reported a 66% increase in serious harm threats at Bunnings and a 29% increase at Kmart [1][3] - The company recorded 13,500 instances of customer threats to workers over the past year, with more than 1000 involving physical assault [3] Security Measures - Kmart has enhanced security at high-risk locations and trained staff in de-escalation tactics [4] - Body-worn cameras have been deployed to improve safety for retail workers [4] Crime Statistics - One-in-three retail crimes in Australia occur in Victoria, which is 60% higher than any other state [5] - 79% of Victorians express concern over rising crime levels, compared to 66% in other regions [5] Legislative Actions - The ACT has laws allowing judges to impose workplace protection orders against violent offenders for up to 12 months [7] - South Australia has introduced similar legislation, and New South Wales has launched a police retail crime strategy to restrict recidivist offenders from retail premises [7] Company Performance - Wesfarmers achieved a record net profit after tax of $2.7 billion, a 3.8% increase from the previous year, with total revenue reaching $46 billion [9] Taxation Concerns - Chairman Michael Chaney warned that a proposed 5% cash flow tax could lead to an exodus of business investment and make Australia's tax regime one of the most burdensome globally [11][12] - Chaney emphasized that 93% of Wesfarmers' revenue is distributed to suppliers, team members, governments, and the community, highlighting the importance of large companies in the economy [11]

Layoffs & Retrenchment - Major employers like Amazon and Target are retrenching, resulting in tens of thousands of office worker layoffs [1]

Group 1: Market Overview - The trading day is concluding with mixed results across major indices, with the Dow Jones down over 70 points, while the Nasdaq is up about 130 points, marking a 0.6% increase [7] - The S&P 500 is expected to end the day in the red, indicating no record high for the index [7] - The Russell 2000 index is also down by 0.9%, reflecting a broader trend of losses among smaller companies [8] Group 2: Earnings Reports - Major tech companies such as Microsoft and Alphabet are set to report earnings, alongside other firms like Carvana, Starbucks, and Chipotle [6] - Alphabet reported earnings per share (EPS) of $2.87, exceeding the expected $2.26, with revenue also beating estimates at approximately $99.9 billion [13][14] - Microsoft reported first-quarter revenue of $77.67 billion, surpassing the estimate of $75.55 billion, but shares fell about 4% in after-hours trading [17][20] Group 3: Sector Performance - The technology sector managed to finish in the green, up by about 1%, with Nvidia achieving a historic market cap of $5 trillion [8][10] - Energy and industrial sectors faced challenges, while real estate dropped by 2.7% due to rising yields following comments from Jerome Powell [9] - Teradyne, a semi-manufacturing company, saw a significant gain of 20% in its stock price after reporting strong third-quarter results [11] Group 4: Company-Specific Highlights - Meta Platforms reported third-quarter ad revenue of $50 billion, beating expectations, but shares fell by over 7% due to a significant non-cash income tax charge of $5.93 billion [24][25][26] - Starbucks reported fourth-quarter net revenue of $9.6 billion, above estimates, but adjusted earnings per share fell short at $0.52 [21][22] - eBay's fourth-quarter net revenue guidance was raised, but shares dropped nearly 9% due to disappointing performance [32]

Offering everyone a piece of the American spirit—one handshake at a time. Supplemental Financial Presentation October 2025 0 Important Information Forward-Looking Statements This presentation contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact included in this presentation are forward- looking statements. Forward-looking statements refer to the Boot Barn Holdings, Inc.'s (the "Company," "Boot Barn," "BOOT," "we," "us," and ...

Financial Performance - Carvana Co achieved record sales growth and exceeded profit estimates [1] - The company projects full-year profits to reach the high end of its previous projection [1] Business Outlook - Carvana Co continues to grow sales [1]

Amazon And Target Job Cuts Reveal How AI Is Reshaping The Retail WorkforceWhile the scale of job cuts differs by company size – and Amazon’s cutbacks cover more than retail-related positions – the losses within the retail sector are substantial. https://t.co/8zJYLGJSnz ...

Target corporate employees logged onto a company Zoom to learn if they were among the 1,000 people that the retailer last week said would lose their jobs. They instead encountered silence after a glitch briefly knocked out the call’s audio https://t.co/SRgNzHVikZ ...

Core Insights - Eli Lilly and Walmart have partnered to enhance access to Zepbound, a weight loss drug, allowing U.S. patients to purchase it directly through retail locations for the first time [1][2] Group 1: Partnership Details - The collaboration aims to maintain Eli Lilly's competitive edge over Novo Nordisk in the growing GLP-1 obesity and diabetes drug market [2][5] - Starting mid-November, cash-paying patients can buy single-dose vials of Zepbound at discounts of 50% or more through Walmart's pharmacies or home delivery [3][6] - Walmart will be the first in-store pickup pharmacy for Zepbound vials via Eli Lilly's LillyDirect platform, which launched in January 2024 [4] Group 2: Pricing and Accessibility - The cost for single-dose vials of Zepbound is set at $349 per month for the starting dose and $499 per month for other doses, consistent across both delivery and pickup options [6] - The partnership is expected to enhance Eli Lilly's market reach, although no specific estimates were provided on the expansion of Zepbound's accessibility [4] Group 3: Market Position - Walmart ranks as the fifth-largest pharmacy in the U.S. based on prescription dispensing revenue, which could significantly benefit Eli Lilly in maintaining its market position [5] - The partnership comes amid pressures from the Trump administration for drugmakers to simplify access to medications through direct-to-consumer models [2]