Walmart will show its holiday quarter earnings on Tuesday morning, as investors and economists try to scope the health of the American consumer.
Here’s what analysts predict Walmart to report for the fiscal fourth quarter, as per the Refinitiv consensus estimates:
- Earnings per share: $1.51 predicted
- Revenue: $159.72 billion predicted
Walmart is also expected to provide its fiscal year outlook. It will most likely be more cautious. Families are paying more on traveling, dining out, or other services as prices rise due to inflation. They are also coming off a period of pandemic-related spending. All of these factors could add value to slower sales and also more conservative spending and hiring plans.
The company is not just the largest retailer in the country. It’s also a grocery superpower, which has helped to stabilize sales and increase footfall as Americans adjust to rising prices.
In recent months, Walmart’s connection with low prices has also attracted higher-income shoppers. Over the last two quarters, the company reported that households earning more than $100,000 per year accounted for approximately 75% of its food market share gains.
Walmart shares closed on Friday at $146.44, bringing the company’s market cap to nearly $395 billion. The company’s shares have increased by about 3% so far this year, falling short of the S&P 500’s roughly 6% gain over the same time period.
