The “Round Table de Barron” panelists discuss how retail actions work for investors.
Walmart, the country’s largest private employer, has increased the number of discounts it offers, in particular in its grocery business, as it seeks to compensate for the impact of prices and attract buyers.
In his report on the profits of the second quarter, the retail giant said that he offered more than 7,400 “rollbacks” or discounts, during the three -month period, ending in July. Walmart also offered 30% additional grocery discounts compared to a year earlier.
Not only does the company face the prices, which it has advanced would force costs, but it is also faced with higher operating costs. The company had to reserve additional $ 450 million in the last quarter to cover insurance costs linked to things such as work injury and liability complaints, reducing profits.
Walmart reported $ 177.4 billion in revenues, up almost 5% compared to last year and beat Wall Street expectations.
US Walmart sales reached 120.9 billion dollars in the second quarter, up approximately 5% or $ 5.6 billion compared to last year. Meanwhile, sales in stores open at least one year increased by 4.6%, driven by high demand in grocery store and health products.
The retail giant has partially attributed its strong growth in sales to increased discounts in stores as well as the convenience of electronic and omnichannel offers. Its sales of electronic commerce increased by 26% during the quarter.
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The company increased its prospects for the year 2026, providing that sales will increase by 3.75% to 4.75%. Action profit (BPA) is now planned from $ 2.52 to $ 2.62.
It is a story in development. Come back for updates.
