WMT outlook boosted despite higher cost warnings

27 days ago

Paul Sweeney

"Stock number two, looking at consumer, uh, WMT, that's Walmart. We've got that in focus. Shares up as much as 6.7%. So, the company boosted its outlook, but they are also warning that higher costs are continuing to loom here. But, I mean, this company raised its fullear sales and profit outlook here. It's really just about what the consumer is able to spend on and grappling with this uh tough environment here. So, you are seeing a lot of people trading down. So, of course, it's going to benefit a retailer like Walmart. But they also did talk about strong e-commerce performance. We are really seeing them venturing out. Similar to Amazon, they're trying to give you same day delivery."

Walmart has raised its full-year sales and profit outlook, buoyed by strong e-commerce initiatives such as same-day delivery. However, the warning over rising costs amid a challenging consumer environment tempers the optimism, suggesting a nuanced near-term outlook.

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