Walmart, Target, And BJ's: Earnings Expectations And Retail Trends Redefining Superstore Shopping
Portfolio Pulse from AJ Fabino
Major retail players including Walmart Inc (WMT), Target Corp (TGT), and BJ’s Wholesale Club Holdings Inc (BJ) are set to release their earnings this week. Analysts expect Target to issue earnings of $1.43 per share, on revenues of $25.3 billion, Walmart to issue earnings of $1.69 per share, on revenues of $159.93 billion, and BJ’s Wholesale to issue earnings of 89 cents per share, on revenues of $5.155 billion. The superstores’ resilience was tested this year as some saw year-over-year visitation dips. However, the positive trend in visits for Walmart points to a market that remains accommodating to various retail business models.
August 14, 2023 | 6:17 pm
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NEUTRAL IMPACT
BJ’s Wholesale is expected to issue earnings of 89 cents per share, on revenues of $5.155 billion.
The upcoming earnings release could have a neutral impact on BJ’s Wholesale's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Dollar General Corp is preferred by Walmart's visitors.
The preference of Walmart's visitors for Dollar General Corp could have a neutral impact on the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Ulta Beauty Inc is preferred by Target's visitors.
The preference of Target's visitors for Ulta Beauty Inc could have a neutral impact on the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Walmart is expected to issue earnings of $1.69 per share, on revenues of $159.93 billion. The company saw year-over-year visitation dips but the trend is improving.
The upcoming earnings release and the improving visitation trend could have a neutral impact on Walmart's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Target is expected to issue earnings of $1.43 per share, on revenues of $25.3 billion. The company outshone the general retail sector in year-over-year growth in the first half of the year.
The upcoming earnings release and the strong year-over-year growth could have a positive impact on Target's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100