Walmart earnings preview: can it break the negative trend for US retail earnings?
After Home Depot and Target earnings suffered at the hands of a poorer consumer, it is Walmart's turn to release quarterly figures.
Earnings expectations illustrate the tricky situation that retailers are trying to handle. Revenue is anticipated to rise 5% to $148.50 billion, reflecting that rise in cost. But the Street expects earnings at $1.30 per share, which means a decline in profit margin.
IGV’s Jeremy Naylor looks at the chart.
(Video Transcript)
Walmart earnings
After Home Depot and Target earlier this week, it's Walmart's turn at lunchtime today UK time to release its quarterly figures.
Earnings expectations illustrate the tricky situation that retailers are trying to handle. Revenue is anticipated to rise 5% to $148.5 billion reflecting that rise in costs. But the street expects earnings at $1.30 per share which means a decline in profit margins.
This week both Home Depot and Target have described a fragile consumer as higher rates and higher energy costs have been soaking up any surplus funds. Like Home Depot and Target, Walmart is all-sessions on the IG platform. It will open at nine o'clock this morning at $150.08.
On the one hand, retailers are trying to pass on those higher costs to their customers. On the other, shoppers are looking for ways to limit spending. A very difficult situation for Walmart and other retailers which has been highlighted recently in the numbers.
We'll get some more detail coming through from Walmart just before Wall Street gets underway later on today.
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