Walmart's secret weapon may be its appeal with wealthier shoppers
Portfolio Pulse from
Jefferies analysts report that 62% of households with incomes over $100,000 plan to shop at Walmart during the holidays, highlighting Walmart's appeal to wealthier shoppers.
December 17, 2024 | 1:15 pm
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Jefferies analysts highlight that 62% of households earning over $100,000 plan to shop at Walmart during the holidays, indicating a strong appeal to wealthier consumers.
The report from Jefferies suggests that Walmart is successfully attracting wealthier consumers, which could boost holiday sales and positively impact Walmart's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90