Walmart Inc. reported better-than-expected earnings on Tuesday and said it’s well-positioned for the holiday shopping season despite supply chain disruptions. Walmart reported third-quarter adjusted earnings per share (EPS) of $1.45 on revenue of $140.53 billion. Both numbers topped consensus analyst estimates of $1.40 and $135.6 billion. Revenue was up 4 percent from a year ago. U.S. same-store sales (excluding fuel) were up 9.2 percent, beating analyst estimates of 6.9 percent. U.S. online sales were up 8 percent from a year ago and 87 percent compared to 2019. Sam’s Club same-store sales (excluding fuel) were up 13.9 percent, higher than the 8.7 percent growth analysts were expecting. Looking ahead, Walmart raised its full-year EPS forecast from between $6.20 and $6.35 to a new target of $6.40. The company also said inventory levels are up 11.5 percent ahead of the holiday shopping season. Gaining Market Share Telsey Advisory Group analyst Joseph Feldman …
Walmart Analysts Break Down Q3 Earnings: ‘Well-Positioned to Gain Market Share’
November 19, 2021
admin
0 Comment