Walmart has managed to beat expectations across the board today, with the retailer clearly managing to fare well despite concerns over the potential for an economic slowdown. Compared with Bloomberg numbers, the company has managed to outperform across a host of metrics:
However, this has done little to help the stock, with price falling back in early trade. Nonetheless, the bullish trend seen over the course of the past two-years does bring confidence that the bulls are going to come back into the fold once again here. As such, watch for a potential bullish reversal for Walmart, with a decline through $153.14 support required to negate that bullish trend.
- Net revenue: $161.6 billion versus $159.7 billion expected
- Adjusted diluted EPS: $1.84 versus $1.70 expected
- US same-store sales growth: 6.3% versus 4.04% expected
- Sam's Club US stores growth: 5.5% versus $5.58 expected
- Walmart US same-store sales growth: 6.40% versus 4.29% expected
- Traffic growth: 2.90% versus 1.63% expected
- Ticket growth: 3.40% versus 2.00% expected
- E-commerce growth: 2.30% versus 1.54% expected
- Gross margin: 23.38% versus 23.55% expected
- Inventory growth: -5.34% versus -5.54% expected
However, this has done little to help the stock, with price falling back in early trade. Nonetheless, the bullish trend seen over the course of the past two-years does bring confidence that the bulls are going to come back into the fold once again here. As such, watch for a potential bullish reversal for Walmart, with a decline through $153.14 support required to negate that bullish trend.