What Makes Walmart a Buy After Earnings: Analyst
Walmart (WMT) - Get Report reported earnings.
TheStreet's Martin Baccardax wrote, "Group revenues, the company said, were tabbed at $152.08 billion, up 7.3% from last year and topping analysts' estimates of $148.3 billion. U.S. same-store sales rose 8.6% from last year, the company said, well ahead of the Refinitiv forecast of 5.8%. e-Commerce sales, Walmart noted, rose 69% on the quarter and 79% for the 2020 year."
“We completed a strong year and a strong Q4 thanks to our amazing associates. They stepped up to serve our customers and members exceptionally well during a busy holiday period in the midst of a pandemic,” said CEO Doug McMillon.
“This is a time to be even more aggressive because of the opportunity we see in front of us,” McMillon. “The strategy, team and capabilities are in place. We have momentum with customers, and our financial position is strong.”
Jeff Marks, senior portfolio analyst with Action Alerts PLUS, weighed in on Walmart after earnings.
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