Walmart store with gardening products for sale in Atchison, Kansas.
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Walmart will report quarterly earnings Thursday as the discounter generally outperforms its rivals.
Here’s what Wall Street expects from the retailer, according to consensus estimates from LSEG, formerly known as Refinitiv:
Earnings per share: $1.52 expected
Revenue: $159.72 billion expected
As the holidays approach, investors have bet the big-box retailer has the ingredients to drive sales, even as shoppers are more discerning. It’s the nation’s largest grocer, which helps drum up steadier foot traffic.
Walmart has invested in its e-commerce business by expanding its assortment through its third-party marketplace. It’s also making money in newer ways, such as by selling ads and annual memberships to Walmart+, its answer to Amazon Prime.
Shares of the company touched an all-time high Wednesday dating to when Walmart debuted on the New York Stock Exchange in August 1972. The stock…
2023-11-16 00:01:01
Link from www.cnbc.com