A Walmart sign outside a store in Selinsgrove, Pennsylvania.
Paul Weaver | Light Rocket | Getty Images
Walmart The company will report earnings before the bell on Tuesday as inflation eases and the holiday season heats up.
According to a survey of analysts by London Stock Exchange Group (LSEG), the discounter is expected to report the following in its fiscal third quarter:
- earnings per share: 53 cents
- income: $167.72 billion
The largest U.S. retailers will report their latest sales results and give Wall Street a read on the U.S. consumer as investors gauge consumer confidence and weigh prospects for the year’s most critical shopping season.
Retailers, including Walmart, are facing a variety of factors this holiday season. inflation Moderated As gas prices fall and grocery inflation Moderates. Concerns about the lengthy process of determining the winner of the U.S. presidential race never materialized.
However, President-elect Donald Trump Import tariff proposal Outbreaks from China and other countries have fueled new concerns about rising prices again. Holidays too This year is shorter Unseasonably warm weather hits parts of the U.S., two dynamics May hurt retailers.
Holiday spending is expected to increase this year, but not by much. The National Retail Federation, a retail trade group, said it expects holiday spending in November and December to rise 2.5% to 3.5% from 2023, to between $979.5 billion and $989 billion. That would be lower than the 3.9% year-over-year increase in the 2022-2023 holiday season, when spending totaled $955.6 billion.
Walmart, for its part, benefits from its massive grocery business and growing online sales. company Full-year forecast raised in August It also said it expects full-year sales to grow by 3.75% to 4.75%, and adjusted earnings per share to be between US$2.35 and US$2.43. Even so, its outlook for third-quarter adjusted earnings per share, between 51 cents and 52 cents, was below investors’ expectations at the time.
