The retailer had projected online sales growth of nearly 40% in 2018, and the first quarter results will reveal any hints at whether it will be able to achieve this goal.
In the first quarter, Walmart estimates EPS of $1.12 on sales of $120.4 billion. Sales is expected to grow 2.5% year-over-year driven by its home market, which is predicted to contribute about $77.8 billion.
ADVERTISEMENT
For the past three months, the retail company’s stock has been down 18.3% and year-to-date the shares have been down 14.5%.
Other major retailers reporting their earnings this week include Macy’s (M), JC Penney (JCP), and Nordstrom (JWN).