From Nasdaq: 2024-11-15 17:53:00

Walmart’s (WMT) shares have been soaring this year, outperforming market indexes and competitors like Target (TGT) and Amazon (AMZN). With quarterly results due on November 19th, all eyes are on Walmart’s continued success after a strong performance in August.

Walmart’s impressive year-to-date performance is evident, with shares up over 60% compared to Amazon’s 33.8% and Target’s 7.8%. This week also brings results from Lowe’s (LOW) and Target, both affected by sluggish sales in the housing and home remodeling sectors.

Consumer spending trends post-COVID show a preference for services over goods, impacting Target’s sales of discretionary items. In contrast, Walmart’s focus on groceries and digital offerings has attracted higher-income households, despite pressure from lower-income consumer spending.

Walmart is expected to report $0.53 EPS on $167.6 billion in revenues, with a focus on stabilizing non-grocery business. The Retail sector’s Q3 earnings season has seen positive growth, with 54.2% of companies beating EPS estimates and 50% exceeding revenue estimates.

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Read more at Nasdaq: What Can Investors Expect From Retail Earnings?