Gains all across the board for Walmart in Q3

By: Miguel A. Rodriguez

12:57, 18 November 2020

1605696966.jpg
Walmart posted Q3 earnings that topped expectations

One of the world's largest retailers – Walmart posted Q3 2020 earnings that came in higher than expected.

In Q3, Walmart had an EPS of $1.34, topping the $1.18 anticipated. The revenue also came higher than the $132 billion forecasted at $134.7 billion. Moreover, the US e-commerce surged 79% in the quarter.

Walmart's net sales figures came in at $29.6 billion, marking a 1.3% increase from last year's numbers.

The report came after the company announced that it sold a majority part of its stake in Japan's Seiyu after buying it in 2002. Moreover, Walmart is looking to close a $1.65 billion deal with KKR and Rakuten. The deal implies that KKP will buy 65% of Seiyu, while Rakuten will purchase a 20% stake. Walmart will have left a 15% stake in the abovementioned company.

Year-to-date, the Walmart stock price gained 28%, while USA30 went up 4.95%.

Read more about how other companies have performed in the past quarter here!

Sources: investing.com, reuters.com

Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.

Most affected instruments

WALMART

$ 10

USA30

$ 10