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Earlier this month Fitch Ratings revised its annual real consumer spending forecast for 2024 up to 1.6% from 0.6% based on consumers’ willingness to draw from the money they’ve saved up.
It forecast a 3% to 4% increase in quarterly sales or between $166.35 billion and $167.97 billion. That is also a bit light, with analysts expecting sales of $167.05 billion.
Price Action: WMT shares are trading higher by 0.06% to $97.35 at last check Wednesday. Also Read: DeepSeek Sell-off Offers Opportunities On Semicaps, Analyst Bumps Up Price Forecasts For KLA ...
Earnings per share are expected to hit 52 cents, the top end of Walmart's forecast provided in February. But those expectations come as Walmart contends with higher than average inventories.
Walmart has stepped up discounts and during the most recent quarter it had 7,200 price rollbacks, a 35% increase. For back-to-school, Walmart retooled its 30-year-old brand called No Boundaries ...
The following chart provides an excellent picture of Walmart's performance over the last 20 years. In the late 2000s, Walmart thrived, with strong revenue growth and 5.5% to 6% operating margins.
Walmart (NYSE: WMT) is capturing higher-income customers as inflation drives bargain hunting. Stock prices used were the afternoon prices of Nov. 24, 2024. The video was published on Nov. 26, 2024.
Groceries account for roughly 60% of Walmart's US sales. This past quarter, it introduced a private-label brand called Bettergoods, which offers healthier, higher-quality products at a $5 price point.