WMT - Walmart's Q4 Earnings Beat And Strategic VIZIO Buy Impresses Analyst Says Shares Poised to Rise | Benzinga
Goldman Sachs analyst Kate McShane reiterated a Buy rating on Walmart Inc (NYSE:WMT) with a price target of $180.
Walmart reported fourth-quarter adjusted EPS of $1.80, above McShane and Wall Street consensus estimates.
Walmart U.S. same-store sales of +4.0% also tracked better than McShane and Wall Street estimates, driven by traffic (+4.3%) and partially offset by tickets (-0.3%) as per the analyst.
By category, the grocery was up +mid-single-digit, noting market share gains in dollars and units and inflation of +low-single-digit.
Health & wellness grew +mid teens, driven by higher script counts, mix shift toward branded from generic, strength in immunizations, and branded drug inflation, the analyst added.
General merchandise declined -low-single-digit, ...