UBS has lowered Walmart's price target from $147 to $141 following Q1 results that fell short of elevated investor expectations. Despite this, UBS remains positive on Walmart's long-term growth, especially in its higher-margin digital revenue streams like advertising, marketplace fees, and memberships. Walmart reported adjusted EPS of $0.66, matching estimates, with US comparable sales up 4.1% driven by e-commerce growth of 26%. The company is expanding its delivery reach and maintaining market share through competitive pricing amid a mixed consumer spending environment. Walmart reaffirmed its guidance for net sales growth of 3.5%-4.5% and operating income growth of 6%-8%.
Blackstone Products has voluntarily recalled its Parmesan Ranch seasoning sold at Walmart due to possible salmonella contamination linked to a dry milk powder ingredient. The recall affects 7.3-ounce containers with specific lot numbers and best-by d...
The Dow Jones Industrial Average closed at a record 50,579.70, driven by optimism over progress in Iran peace talks and strong earnings reports from companies like Merck, Salesforce, and Cisco. This broad market rally included gains in healthcare, te...
Walmart reported Q1 FY27 revenue of $175.68 billion, up 6.08% year-over-year, driven by 26% growth in global eCommerce and 37% jump in advertising revenue. Despite solid results, shares fell over 8% recently due to margin pressures from pricing legis...
Walmart reported adjusted earnings of 66 cents per share and revenue of $177.8 billion for Q1, both surpassing analyst expectations. However, its guidance for Q2 adjusted earnings (72-74 cents) and revenue ($182.8-$184.6 billion) fell short of Wall S...
Bank of America analysts expect Walmart to extend its market share gains due to its competitive pricing strategy and value proposition, especially as consumers remain price-conscious. Walmart raised its full-year net sales guidance following a strong...
