Walmart's (WMT) recent investor day highlighted some of its plans for the rest of fiscal 2017 and 2018. But its upcoming third-quarter results will let investors know just how well it's actually going at the world's largest retailer.
In early October, Walmart highlighted several key initiatives, including continuing to make shopping easier for consumers, focusing on expenses, being the most trusted retailer and delivering "results and position the company to win." Part of this can be attributed to the company's recent acquisition of Hoboken, N.J.-based Jet.com to help it compete for urban consumers in an effort to ward of Amazon (AMZN) .
KeyBanc Capital Markets analyst Edward Yruma said the analyst day helped keep in mind that e-commerce is key for the Bentonville, Ark.-based Walmart.
"Walmart's analyst day reinforced our view that investments in e-commerce will help the Company more effectively compete with [Amazon]," Yruma wrote in a note to clients. "In particular, we think that Marc Lore/Jet.com can turbocharge already completed foundational work to accelerate e-commerce growth to the targeted 20-30% annual growth rate."
Analysts surveyed by Yahoo! Finance expect the company to earn 96 cents a share on $118.61 billion in sales.
In addition to the acquisition of Jet and perhaps more importantly, Lore (who will now run Walmart's e-commerce business), investors will be looking to hear how the company's focus towards remodeling stores as opposed to opening new locations is going.
There will also be particular interest to hear which areas of its business are outperforming others, i.e. areas like apparel, electronics or groceries.