2024-05-30 20:41:29 ET
Summary
- Walmart's latest quarterly performance shows resilience and better-than-expected international segment performance.
- The company had a fantastic quarter with increased sales, improved margins, and strong growth in its advertising and eCommerce businesses.
- Flipkart, Walmart's Indian e-commerce platform, showed strong growth and plans to enter the quick commerce space, bolstered by a recent investment from Google.
Investment Thesis
The last time I wrote about Walmart ( WMT ), back in May 2023, I argued that despite an impressive performance both in its domestic market and internationally, from a valuation perspective it’s best to avoid the stock. I had a hold rating on the stock at the time. Since my article was published, the stock has jumped 33.3%, handily outperforming the S&P 500, which gained 25.5% during the same period. ...
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For further details see:
Walmart: A Poster Child For Resilience, Limited Upside Potential At Current Levels