Amazon and Walmart expected to benefit from busy holiday season with strong digital offerings

From Nasdaq: 2024-11-26 17:37:00

Amazon and Walmart are gearing up for a busy holiday season, with both companies expecting a boost from their digital offerings. Amazon’s latest quarterly results exceeded expectations, with EPS growing 70% and sales climbing 11%. The company remains bullish about the holiday season, introducing new deals and products.

Walmart also impressed investors with a 14% increase in adjusted EPS and a 5.5% rise in sales. E-commerce sales were up 27% globally, showcasing the company’s digital momentum. Walmart raised its net sales guidance for FY25, leading to positive earnings estimate revisions and a favorable share reaction post-earnings.

As the holiday season approaches, Amazon and Walmart are well-positioned to benefit from consumer shopping trends. Both companies have strong digital offerings and are expected to see tailwinds during the period. Amazon’s established e-commerce presence and Walmart’s expanding digital footprint make them key players in the holiday shopping landscape.



Read more at Nasdaq: 2 Stocks Set to Benefit from a Busy Holiday Season: WMT, AMZN