Walmart is set to report first-quarter earnings before the bell. Here's what to expect

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The big-box retailer has sold groceries, hair color and more to customers during the coronavirus pandemic, but it's also had additional expenses as its workforce grows and more sales shift online.

Walmart has hired 200,000 additional employees to clean stores, stock shelves and fulfill online orders during the pandemic.

It's had higher expenses, though, too, including more than $935 million in bonuses for employees so far this year.Al Bello | Getty ImagesThe big-box retailer has kept stores open as an essential retailer during the Same-store sales are expected to be up 7.2% in the U.S., according to StreetAccount consensus estimates.

Walmart had a surge in sales in the early weeks of the pandemic as customers stockpiled groceries, hand sanitizer and toilet paper. Instead of going to stores, customers turned to online shopping, with many buying different kinds of items — such asThe big-box retailer is the largest private sector employer in the U.S. It initially, but later increased that to 200,000.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SEEING IS BELIEVING. Demand for home cleaning products looks to be stronger than replenishment. Shopped Poway Walmart 2-days ago for cleaning supplies only to spot empty shelves galore in aisles w/ 2-item limit per customer. Felt like I struck gold w/ 'out of place' item finds.

A V shape recovery is happening. The market is a fraud. It's being artificially held up by the Fed. When you see gold and the stock market going up at the same time there is a serious issue with the free market. Buy anything and it'll go up. trash

Supposed to be a strong one due to Covid19

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Home Depot sales jump 7% but higher coronavirus-related costs drag down earningsHome Depot has had a few advantages going into the pandemic compared to other retailers. Please make news on Nepal and India border issue that India is encroaching Nepal's land Their sales jumped but higher coronavirus related costs drag down earnings.
Source: CNBC - 🏆 12. / 72 Read more »

Alibaba, Walmart and Target are about to show retailers’ view of the pandemicU.S. retail companies will be eagerly watching Alibaba Group Holding Ltd.’s Friday morning report, when the Chinese e-commerce giant will show what it was... Don't ever expect bad numbers from Walmart. Walmart eats small businesses for breakfast. Maybe if they were able to restock like their local competitors it’d be different They are going to kill it
Source: MarketWatch - 🏆 3. / 97 Read more »

Madison Square Garden Entertainment Posts Grim Results in First Post-Coronavirus Earnings ReportEven though the coronavirus shutdown began just three weeks before the end of the quarter, Madison Square Garden Entertainment’s revenues dropped 20% to $199.9 million compared with last year, acco… I NEED MY REFUND BACK ON A TICKET! TheGarden
Source: Variety - 🏆 108. / 63 Read more »

Goldman highlights key earnings trends outlines stock market recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »