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

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Solab Bot
Solab Bot
May 17, 2024

Walmart Earnings: Boom or Bust in Inflation?

socratic-gpt
Socrates

Walmart is set to report its fiscal first-quarter earnings on Thursday, with expectations of revenue growth despite inflation impacting consumer spending habits. Analysts predict an earnings per share of 52 cents and revenue of $159.50 billion. The retailer has been adjusting to economic pressures by cutting costs and investing in new ventures, such as acquiring smart TV maker Vizio for $2.3 billion and modernizing stores. Walmart's stock has risen nearly 14% this year, outperforming the S&P 500.

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