WMT - Walmart's Expanded Vision Beyond Retail In Focus: Analyst Forecasts Higher Profits Solid Customer Relations | Benzinga
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Walmart Inc. (NYSE:WMT), raising the forecast to $205 from $185.
Feldman highlighted Walmart’s ‘expanded vision beyond retail and e-commerce’ – including advertising, merchant services, and last-mile delivery.
The analyst adds that these components would yield higher profits than conventional retail and are poised to bolster Walmart’s customer relations while securing profitable market share growth.
The company reported fourth-quarter FY24 net sales growth of 5.7% year-over-year to $173.39 billion, beating the consensus of $170.71 billion.
Adjusted EPS was $1.80, beating the consensus of $1.65.
The company’s quarterly performance reflected share gains during the 2023 holiday season driven by its omnichannel model and excellent execution, ...