The Walmart logo can be seen outside the store in Selinsgrove, Pennsylvania.
Paul Weaver | Light Rocket | Getty Images
walmart It plans to report results before the bell on Tuesday as inflation eases and the holiday season heats up.
Here’s what discounters are expected to announce in the fiscal third quarter, according to a survey of analysts by LSEG.
- Earnings per share: 53 cents
- Revenue: $167.72 billion
America’s largest retailer is set to release its latest sales results and update Wall Street on U.S. consumer trends as investors gauge consumer sentiment and consider the outlook for this year’s most important shopping season. .
Retailers, including Walmart, are battling a variety of factors this holiday season. Inflation is slowing due to lower gas prices and slower food inflation. Fears that the process of determining the winner of the US presidential election would be drawn out never materialized.
But President-elect Donald Trump’s proposed tariffs on imports from China and other countries have sparked new fears that prices will rise again. This year’s short holiday season and unseasonably warm weather in parts of the U.S. both could hurt retailers.
Holiday spending is expected to increase this year, but at a modest rate. The National Retail Federation, a retail industry group, said holiday spending in November and December is expected to increase 2.5% to 3.5% from 2023, to a range of $979.5 billion to $989 billion. This would be lower than the 3.9% year-over-year increase during the 2022-2023 holiday season, when total spending was $955.6 billion.
Walmart is benefiting from its large grocery business and growth in online sales. The company raised its full-year forecast in August, expecting full-year sales to rise 3.75% to 4.75% and adjusted earnings to range from $2.35 to $2.43 per share. Still, the company’s third-quarter adjusted earnings guidance was between 51 cents and 52 cents per share, below investors’ expectations at the time.
