Jessica McGowan/Getty Images News
Introduction
I published my first article on Walmart Inc. (NYSE:WMT) in May 2022, after the stock had sold off sharply due to lowered guidance and increasing pressure from inflation. I concluded that there was no
What To Expect From Walmart Stock In 2023 And Beyond
Summary
- Walmart reported solid results for fiscal 2023 from a sales perspective - 7% comparable growth is no mean feat for a company with $600 billion in annual sales.
- Operationally, however, the company has been struggling for the past decade, and recent challenges have put further pressure on margins.
- In this article, I will make sense of WMT's free cash flow, which has declined sharply in fiscal 2023, and discuss the impact of the rising interest environment.
- I will revisit my previous thesis, present an updated valuation, discuss recent analyst estimates, and share my expectations for fiscal 2024 and beyond.
Tired of effortful investing strategies with uncertain prospects? As a former deep value investor, I learned to appreciate the benefits of a dividend-focused value strategy several years ago. My strategy puts an emphasis on capital preservation and steadily growing income.I write primarily about stocks I hold in my diversified dividend stock portfolio, which emphasizes high-quality value stocks that offer meaningful growth and long-term safety.Feel free to reach out to me via direct messaging here, on Twitter, or through the comments section of one of my articles.Hit the “Follow” button if you'd like to join me on my journey to financial independence.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The contents of this article and my comments are for informational purposes only and may not be considered investment and/or tax advice. I am neither a licensed investment advisor nor a licensed tax advisor. Furthermore, I am not an expert on taxes and related laws - neither in relation to the U.S. nor other geographies/jurisdictions. It is not my intention to give financial and/or tax advice and I am in no way qualified to do so. I cannot be held responsible and accept no liability whatsoever for any errors, omissions, or for consequences resulting from the enclosed information. The writing reflects my personal opinion at the time of writing. If you intend to invest in the stocks or other investment vehicles mentioned in this article – or in any form of investment vehicle generally – please consult your licensed investment advisor. If uncertain about tax-related implications, please consult your licensed tax advisor.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.