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Analysts Maintain Buy Rating on Walmart Despite Mixed Q2 Earnings
Analysts Maintain Buy Rating on Walmart Despite Mixed Q2 Earnings
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Walmart's Q2 earnings fell short of expectations with adjusted EPS at $0.68 versus forecasts of $0.74, while operating income declined 8.2% to $7.2 billion. Yet, revenues climbed 4.8% to $177.4 billion, surpassing estimates, driven by robust same-store sales growth of 4.6% in the U.S. Roth Capital Markets analyst Bill Kirk reiterated a Buy rating, citing upcoming earnings potential and Walmart's unique advantages in automation, advertising, and consumer reach.
Market Optimism persists as Walmart continues to gain market share and strengthen its competitive moats. The retail giant's strategic positioning in grocery, health, and wellness—coupled with pricing rollbacks—underscores its resilience in an uncertain economic climate.
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