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HomeBreaking NewsWhat to Expect From Walmart’s Upcoming Q1 2023 Earnings and Why is...

What to Expect From Walmart’s Upcoming Q1 2023 Earnings and Why is it a Buy?

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Shutterstock Ken Wolter

Tomorrow, Walmart will release its Q1 2023 financial results.
Despite significant inflation, the firm nevertheless prides itself on offering inexpensive product pricing. The price of the company’s stock is still rising, and a surge to record highs is anticipated.
Due of its broad operations and steady profitability, Walmart (NYSE:WMT) is frequently seen as a top pick for investors looking for dependable defensive stocks.

The retail giant’s successful use of cutting-edge technology, particularly in automating warehouse operations and improving inventory and supply chain management, is one of its strongest advantages.

Investors will be eagerly monitoring its quarterly earnings tomorrow. $1.32 in earnings per share and $147.8 billion in revenue are anticipated from the corporation.

WMT

One of the distinguishing characteristics of the big-box chain industry is its very low margin, which enables it to make consistent profits while maintaining low prices, primarily because of economies of scale.

This is crucial because customers carefully consider product pricing when evaluating competitors, particularly during times of severe inflation.

Walmart’s average pricing for a chosen basket of almost 600 products increased by only 3%, according to DataWeave, which examined price changes between January 2022 and February 2023.

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Compared to its closest rivals and the average inflation rate, this is substantially better.

The top and bottom line’s quarterly rise may be a sign that despite higher inflation, shoppers still choose Walmart’s value-oriented merchandise to Target’s higher-end retail offerings.

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Additionally, the Zacks ESP predicts Walmart will beat earnings projections, with the Most Accurate Estimate placing Q1 EPS at $1.33, 1% higher than the Zacks Consensus.

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Walmart to retail Victor Allen’s Ready-To-Drink Iced Coffee Line in over 500 stores

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