From CNBC: 2024-05-16 00:01:01

Walmart is set to report earnings, with analysts expecting earnings per share of 52 cents adjusted and revenue of $159.50 billion for the nation’s largest retailer. Despite inflation impacting customer spending, recent data shows inflation easing in April, providing positive news for Walmart and other retailers.

As Walmart anticipates sales growth, the company is cutting costs in some areas while investing in others. Walmart recently announced layoffs and relocations of hundreds of corporate workers, while also shutting down its Walmart health clinics. On the flip side, Walmart is acquiring Vizio for $2.3 billion and upgrading over 1,400 stores.

Walmart’s stock closed at $59.83, with the company’s market share at $482.22 billion. The stock has seen a 14% increase this year, outperforming the S&P 500. Walmart’s strategic moves and financial position position it well to navigate challenges and take advantage of opportunities in the market.



Read more at CNBC:: Walmart (WMT) Q1 2025 earnings