Walmart - WMT

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Walmart sticks with second-half outlook after earnings beat expectations

Walmart topped analysts’ expectations for earnings and revenue in the fiscal second quarter, even as consumers pulled back in discretionary categories like apparel.

The retailer’s profits are under pressure, but it is wooing more middle- and higher-income customers who have turned to the discounter for low-priced food and essentials because of inflation.

The company reiterated its outlook for the back half of the year.

https://www.cnbc.com/2022/08/16/walmart-wmt-earnings-q2-2023.html

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Walmart raises full-year earnings forecast as grocery, online growth fuel higher sales

Walmart lifted its outlook for the full fiscal year, after beating Wall Street’s expectations for sales and earnings.

E-commerce sales for Walmart U.S. jumped 24% year over year.

Chief Financial Officer John David Rainey said there was “modest improvement” of sales of big-ticket and discretionary items in the quarter.

https://www.cnbc.com/2023/08/17/walmart-wmt-earnings-q2-2024.html
 
Right back to where I unloaded all of mine in 2022 after holding it since 2010. It had become more volatile than I would have liked over the years. Got tired of waking up to a 5% drop because of a slightly disappointing earnings report, but that seems to be the norm nowadays with wider individual stock adoption.

This company will be just fine in the long run though as they continue to grow their online sales. I've gotten some great deals online at Walmart. Their shipping keeps improving as they use their stores as local warehouses.
 
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