Customers wearing face masks at a Walmart on July 15, 2020 in Washington, DC
Sha Hanting | China News Service via Getty Images
Walmart is set to report its second-quarter fiscal revenue ahead of the clock Tuesday as the coronavirus pandemic shakes consumer shopping patterns.
Here’s what Wall Street expects, based on the estimates of average analysts compiled by Refinitiv:
- Custom EPS: $ 1.25
- Revenue: $ 135.48 billion
- Same-store sales: up 5.4% in the US, according to Consensus estimates from StreetAccount
During the first months of the pandemic, the big-box retailer’s e-commerce sales went up as customers flocked to their website to buy groceries, bicycles, beard trimmers and other items as they spent more time at home spend. Shoppers made fewer trips to stores, but filled larger baskets with food and household essences such as toilet paper.
Walmart has hired more than 400,000 workers an hour since the pandemic began helping supplement online orders, clean stores and refurbished shelves.
Wall Street analysts and investors will be listening to see if Walmart’s sales have continued to grow or moderate as lockdowns across the country are lifted. They will also see if the big-box retailer offers a financial outlook for the year. The company withdrew its lead last quarter, saying the pandemic “has created unusual variability.”
This story unfolds. Please check back for updates.
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