. It's been investing in rolling out next-day delivery and incubating more private label brands.
Walmart is expected to have seen a boost around Amazon's 48-hour Prime Day event this July, which could show up in this earnings report. Gordon Haskett analyst Chuck Grom estimated that during the event Walmart saw about 14% of the visits that Amazon did. "We believe value-orientated ... retailers Walmart and Target are better positioned to capture share as shopper trends evolve," Cowen & Co. analyst Oliver Chen said. "Meanwhile, department store players are getting squeezed and are working to quickly adapt to changing shopper preferences as physical traffic continues to decline."
Walmart's revenue hit $130.38 vs. $130.11 billion expected and equilarinc notes that CEO Doug McMillon was awarded $22,527,249 in 2018, a 2% increase in salary from the prior year's pay. $WMT execpay corpgov