February 22, 2023

By Nigam Arora & Dr. Natasha Arora

Signal(s) to enter, add, reduce, exit, hold or change.

Walmart (WMT) earnings beat expectations, but guidance was below expectations.

From the Morning Capsule,

• Walmart easily beat the earnings estimates.

  • Earnings came at $1.71 vs. $1.52 consensus.

  • Revenues came at $164B vs. $159.7B consensus.

  • Same store sales, open for more than a year jumped 8.3% vs. 4.9% consensus.

• The great earnings from Walmart is the road behind.  Prudent investors need to focus on the road ahead.  Here is the road ahead as Walmart sees it.

  • For fiscal 2024, Walmart sees earnings in the range of $5.90 – $6.05 vs.