Walmart Inc.·Consumer Defensive

Walmart will report fiscal first-quarter earnings before the bell on Thursday. Analysts are expecting earnings per share of 66 cents on revenue of $175 billion, according to consensus estimates from LSEG.

Walmart's earnings may matter less than what the retail giant says about inflation, gas prices, and consumer spending trends.

Higher gas prices at the pump could prompt consumers to cut back on discretionary spending, including fast food and leisure trips. In response, many are turning to gas stations at warehouse clubs, where members can access discounted fuel prices.

Target, Lowe's and TJX all outperformed Q1 estimates; NVIDIA reports after today's close.

Target (TGT) shares fell by 5% despite the retailer's impressive Q1 results, marking its return to positive revenue growth after six quarters. The decline may

Walmart (WMT, Financials) reports earnings, and the numbers will matter. But this time, the guidance may matter more.Wall Street expects earnings of $0.66 per s
Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications. The company offers grocery and consumables, including dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; fuel, tobacco and other categories. It is also involved in the provision of health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products; and home and apparel including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses and tire and battery centers. In addition, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. Additionally, the company markets lines of merchandise under private brands, including Allswell, Athletic Works, Equate, and Free Assembly. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.
Consumer Defensive
Discount Stores
2,100,000
1972-08-25
0.65