The news: Walmart Inc. reported quarterly earnings and growth above analysts’ expectations as it managed to withstand inflationary pressures and higher costs, per a company release.
Breaking it down:
Other factors to keep in mind:
Analyst take: “Walmart is set to continue to grow and minimize all the risk that comes with the current uncertain economic (and health) landscape because it has worked so hard to integrate different business units to make shopping easier for consumers and selling easier for brands,” said Suzy Davidkhanian, eMarketer principal analyst at Insider Intelligence. “The company is also rounding out different parts of its ecosystem—health and wellness, banking, fulfillment—to diversify revenues and increase stickiness.”
The big takeaway: With costs ballooning due to supply chain and labor issues, the retailer may not be able to keep prices down much longer.