Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois.
Scott Olson Getty images
Walmart will report revenue for the third quarter before the bell on Tuesday.
The trader’s presentation of large boxes will offer a preliminary overview of how festive shopping is formed during the coronavirus pandemic. Like other retailers, Walmart launched early because of the global health crisis and divided Black Friday into numerous stores and online events and digital deals.
- Earnings per share: $ 1.18 expected
- Revenue: $ 132.23 billion is expected
Walmart is one of the beneficiaries of the trend to stay at home during a pandemic. Since the spring, Americans have turned to his grocery stores and website for detergents, cleaners and items to spend time from puzzles to bicycles. The company also received a rebound from incentive money, which customers rushed to stores to spend.
Now, however, investors and analysts will see if the retailer can sustain that momentum. Without signs of another incentive package or additional unemployment benefits, some clients may feel financially disadvantaged. Others may worry about the growing incidence of coronavirus, which leads them to limit trips to the store or make more purchases online – transactions that come at an additional cost and could contribute to the expected crushing of packages this holiday season.
As of Saturday, Walmart said it would resume counting and limit the number of customers in the store to make sure stores do not exceed capacity limits. Some groceries, including Kroger, Wegmans and Publix, have reinstated restrictions on the purchase of toilet paper, disinfectant spray and hand sanitizer.
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