Walmart Sees Q1 Consolidated Net Sales Up 4-5% (leap year estimated to benefit approximately 100bps), Sees FY24 Consolidated Net Sales Up 3-4%
Portfolio Pulse from Benzinga Newsdesk
Walmart anticipates a 4-5% increase in Q1 consolidated net sales, with the leap year expected to contribute approximately 100bps. For FY24, the company expects consolidated net sales to rise by 3-4%.
February 20, 2024 | 12:06 pm
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Walmart expects a 4-5% increase in Q1 consolidated net sales, with an additional boost from the leap year. FY24 sales are anticipated to grow by 3-4%.
The positive sales growth forecast for both Q1 and FY24 indicates a strong performance outlook for Walmart. The leap year's additional benefit in Q1 is a unique factor that could further enhance investor optimism. This positive outlook is likely to influence investor sentiment positively in the short term, potentially leading to an uptick in Walmart's stock price.
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