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MarketScreener Homepage  >  Equities  >  Nyse  >  Walmart Inc.    WMT

WALMART INC.

(WMT)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/28 11:31:37 am
145.905 USD   +1.44%
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Walmart : Sales Gains Slow as Pandemic Drags On

11/17/2020 | 07:59am EST

By Sarah Nassauer

Walmart Inc.'s quarterly sales rose at a slower pace than earlier in the coronavirus pandemic even as shoppers continued to buy up food and cleaning supplies and the retailer pushed early holiday deals.

Comparable U.S. sales, those at stores or digital channels operating for at least 12 months, rose 6.4% in the quarter ended in late October. It was a third consecutive quarter of strong growth, though below the prior two quarters. E-commerce sales in the U.S. jumped 79% and accounted for much of the latest quarter's gains.

In the U.S., shopper traffic decreased 14.2%, while the value of the average shopping trip increased 24%. People are making fewer trips to Walmart stores, shifting more spending online and stocking up when they do go to stores, the company said. Sales of groceries, paper goods and household cleaning supplies helped boost sales. Demand for parking lot pickup services or home delivery increased.

"We think these new customer behaviors will largely persist and we're well positioned to serve customers with the value and experience they're looking for," Walmart CEO Doug McMillon said.

Coronavirus has upended the retail landscape, allowing some retailers to thrive as more spending shifts to household basics and home improvements. Others such as department stores and apparel retailers have been hurt by temporary closures early in the pandemic and people buying less clothes for work or going out.

On Tuesday, Home Depot Inc. said its comparable sales jumped 24.1% in the third quarter, after reporting sales up 23.4% in the second quarter. Shoppers stuck at home are using money typically spent on restaurants or travel to spruce up their surroundings. Competitor Lowe's Cos. reports earnings Wednesday.

Shares of Walmart rose 2% in premarket trading while Home Depot fell nearly 2%. Both shares have climbed more than 25% so far this year.

Write to Sarah Nassauer at sarah.nassauer@wsj.com

(END) Dow Jones Newswires

11-17-20 0758ET

Stocks mentioned in the article
ChangeLast1st jan.
THE HOME DEPOT, INC. 2.74% 281.625 Delayed Quote.3.17%
WALMART INC. 1.13% 145.45 Delayed Quote.-0.22%
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Financials (USD)
Sales 2021 552 B - -
Net income 2021 19 385 M - -
Net Debt 2021 44 086 M - -
P/E ratio 2021 20,5x
Yield 2021 1,52%
Capitalization 407 B 407 B -
EV / Sales 2021 0,82x
EV / Sales 2022 0,81x
Nbr of Employees 2 200 000
Free-Float 48,9%
Chart WALMART INC.
Duration : Period :
Walmart Inc. Technical Analysis Chart | WMT | US9311421039 | MarketScreener
Technical analysis trends WALMART INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 161,50 $
Last Close Price 143,84 $
Spread / Highest target 25,1%
Spread / Average Target 12,3%
Spread / Lowest Target -27,7%
EPS Revisions
Managers and Directors
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Dacona Smith Chief Operating Officer & Senior VP-Sam's Club
Brett M. Biggs Chief Financial Officer & Executive Vice President
Clay Johnson Enterprise Chief Information Officer & EVP
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