real-time news and commentary for investors
Wednesday, Aug 14
Wal-Mart to report tomorrow, U.S. comps in focus
- Wal-Mart (WMT -0.3%) reports Q2 earnings today tomorrow as the string of retailers (Macy's, Costco, American Eagle Outfitters, etc.) either disappointing in Q2 or warning on H2 continues to grow.
- Analysts expect the retailer to record sales of $118.7B and see EPS of $1.25, a consensus that has drifted lower over the last few months.
- If the company is able to surprise for the quarter, it could be improved sales and margins on groceries that does the trick. Prices have been slowly increased for products from private-label Great Value, according to a Raymond James survey.