economy
Walmart to report first-quarter earnings before the bell. Here's what Wall Street expects
Walmart's fiscal first-quarter earnings report will offer Wall Street a unique view into the health of the U.S. economy
TL;DR
- Walmart's fiscal first-quarter earnings report is expected to show sales and profit growth.
- Analysts estimate earnings per share at 66 cents and revenue at $175 billion.
- Consumer sentiment has declined amid new conflicts, soaring gas prices, and years of inflation.
- Walmart's broad consumer base positions it to observe economic pressure points.
- Recent years have seen Walmart attract more high-income consumers, supplementing its traditional lower-income base.
- Investors want to know if higher-income shoppers are still resilient and how lower-income shoppers are faring.
- Walmart's high-margin advertising and marketplace businesses may offset pressures from a shift to lower-margin groceries.
- Major companies have largely reported consumer spending resilience, partly due to higher tax returns, a trend that may fade.