Walmart will report earnings before the bell. Here’s what to expect


Customers store for a turkey at a Walmart retailer in Chicago, November 20, 2018.

Kamil Krzaczynski | Reuters

Walmart will report its second-quarter earnings before the bell on Tuesday, as retailers deal with an unsure financial backdrop and customers who really feel pinched by inflation.

Here’s what analysts expect the firm to report for the quarter, in accordance to Refinitiv consensus estimates:

  • Earnings per share: $1.62 anticipated
  • Revenue: $150.81 billion anticipated

Walmart’s income are underneath strain as its customers purchase fewer high-margin objects, equivalent to attire and electronics. Last month, the discounter cut its quarterly and full-year profit outlook, saying its customers have fewer {dollars} to spend on discretionary merchandise as they’re pressured to spend extra on requirements like meals and gas.

On the different hand, Walmart mentioned it’s gaining market share in its grocery enterprise as extra customers turn into finances aware and switch to its shops and web site for low-priced meals and necessities. It raised expectations for same-store gross sales due to positive aspects in grocery. Groceries are much less worthwhile than merchandise like attire.

The retailer has seemed to newer income streams to drive development, too. Walmart on Monday introduced that it struck a deal with Paramount Global to provide its Paramount+ streaming service totally free to clients who’re a part of its Walmart’s membership program. Walmart+ prices $98 per 12 months, or $12.95 monthly, and consists of different perks, equivalent to free transport of on-line purchases and gas reductions.

As of Monday’s shut, Walmart shares are down about 8% to this point this 12 months. Shares closed on Monday at $132.60, bringing the firm’s market worth to $363.48 billion.

This story is growing. Please test again for updates.



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