Customers exit a Walmart store connected January 24, 2023 successful Miami, Florida. Walmart announced that it is raising its minimum wage for store employees successful aboriginal March, store employees volition marque betwixt $14 and $19 an hour.
Joe Raedle | Getty Images News | Getty Images
Walmart volition study its holiday-quarter net connected Tuesday morning, arsenic investors and economists effort to gauge the wellness of the American consumer.
Here's what analysts expect Walmart to study for the fiscal 4th quarter, according to Refinitiv statement estimates:
- Earnings per share: $1.51 expected
- Revenue: $159.72 cardinal expected
Walmart is expected to stock its outlook for the year, too. It's apt to onslaught a much cautious tone. As families wage higher prices due to the fact that of inflation, they are besides spending again connected commuting, eating retired and different services. They are besides pursuing a play of pandemic-fueled spending. All of those factors could lend to slower income and modest plans for spending and hiring.
The institution is not lone the nation's largest retailer. It's besides a market powerhouse, a origin that has steadied income and driven ft postulation arsenic Americans set to high inflation.
Walmart's relation with debased prices has attracted higher-income shoppers successful caller months, too. Over the past 2 quarters, the institution said astir 75% of its marketplace stock gains successful nutrient came from households that marque much than $100,000 a year.
Shares of Walmart closed connected Friday astatine $146.44, bringing the company's marketplace headdress to astir $395 billion. The company's shares are up astir 3% truthful acold this year, underperforming the S&P 500's astir 6% summation during the aforesaid period.