Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois.
Scott Olson | Getty Images
Walmart is set to report third-quarter earnings ahead of Brick on Tuesday.
The Big-Bits retailer’s demonstration will provide a preview of how the coronavirus is buying holidays during the epidemic. Like other retailers, due to the global health crisis, Mart LaMart has started selling it as early as possible and has divided Black Friday into multiple stores and events online events and digital deals.
Here is what Wall Street expects in the financial third quarter, based on a survey of analysts by Refinitive:
- Earnings per share: Expected 18 1.18
- Revenue: 2 132.23 billion expected
Walmart is one of the beneficiaries of stay-home trends during epidemics. Since spring, Americans have turned to its stores and websites for groceries, cleaning supplies and items to spend time on everything from puzzles to bicycles. The company also got a bounce from the stimulus money, which customers rushed to spend on stores.
Now, however, investors and analysts will see if the retailer can sustain that momentum. Because there is no sign of a second stimulus package or additional unemployment benefits, some consumers may experience financial hardship. Others may feel uncomfortable about the increasing cases of coronavirus, which may limit their travel to the store or make more purchases online online – a transaction that comes with additional costs and may contribute to the expected crush of packages this holiday season.
Starting Saturday, Walmart said it would recalculate and limit the number of customers in the store to ensure stores do not exceed capacity limits. Some taxpayers, including Kroger, Wegman and Publics, have re-established purchase limits on toilet paper, disinfectant spray and hand sanitizer.
This story is evolving. Please check back for updates.
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