RBC Capital analysts shared their outlook on Walmart Inc. (NYSE:WMT) ahead of the company’s upcoming Q1 earnings results. The analysts expect largely in-line results, modeling U.S. comp growth of 2% (vs. Street’s +1.8%) and EPS of $1.46 (vs. Street’s 1.48).
The company provided its full 2023-year guidance calling for slightly above 3% US comp growth (vs. Street’s 3.1%), operating income up 3% (vs. Street’s 3.5%) and EPS up mid-single-digits (vs. Street’s $6.75).
RBC Capital analysts view this guide as achievable and would not expect any changes in Q1, especially given the high degree of consumer uncertainty. The analysts maintained their outperform rating.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better — anytime and anywhere — in retail stores, online, and through their mobile devices. Each week, approximately 220 million customers and members visit approximately 10,500 stores and clubs under 48 banners in 24 countries and eCommerce websites. With fiscal year 2021 revenue of $559 billion, Walmart employs 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart.
