Walmart (WMT) is scheduled to report its first-quarter earnings results before the opening bell on May 17, and all the eyes will be on how much the retailer is resistant towards the Amazon (AMZN) effect. In the previous earnings announcement, the company had reported an ominous decline in online sales from 50% in third quarter to just 23% in the fourth.
Walmart had earlier reassured investors that there will be an improvement in the online sales this year and that the company is willing to boost its expenditure to achieve the growth targets.
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.
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).
Most Popular
Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Three key factors that bode well for Tattooed Chef (TTCF) going forward
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock
