![]() The company’s bottom line is expected to decline year over year when it reports first-quarter fiscal 2023 results. Target Corporation TGT currently has an Earnings ESP of +0.40% and a Zacks Rank #3. Here are three other companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat: Other Stocks With the Favorable Combination The adjusted EPS was $1.30 in the comparable year-ago period. ![]() For the first quarter of fiscal 2024, the adjusted earnings per share (EPS) is likely to come in the range of $1.25-$1.30, including a three-cent effect from LIFO. On its fourth-quarter fiscal 2023 earnings call, management offered a cautious view for fiscal 2024 due to the persistence of increased prices and chances for further macroeconomic challenges. Walmart expects product mix-related pressure to persist in fiscal 2024. However, Walmart is encountering cost inflation and expects it to remain elevated. For the first quarter, Walmart expects consolidated net sales growth of 4.5-5% at constant currency. These upsides are likely to have aided sales in the quarter under review. had 4,600 pickup locations and more than 3,900 same-day delivery stores. As of the fourth quarter of fiscal 2023, Walmart U.S. Furthermore, the company’s store and curbside pickup options add to customers’ convenience. Walmart has taken robust strides to strengthen its delivery arm, as evidenced by its partnership with Salesforce the expansion of InHome delivery service investment in DroneUp pilot with HomeValet, the launch of Walmart+ membership program introduction of Express Delivery and drone delivery pilots with Flytrex and Zipline among other efforts. The company is innovating in the supply chain, adding capacity and building businesses, such as Walmart GoLocal, Walmart Connect, Walmart Luminate, Walmart+, Spark Delivery, Marketplace and Walmart Fulfillment Services. Walmart has been taking several e-commerce initiatives, including buyouts, alliances and improved delivery and payment systems. Its global e-commerce sales comprised more than 13% of sales as of fiscal 2023-end. ![]() The company’s omni-channel penetration has been increasing. ![]() Also, the company has been focused on store remodeling in an attempt to upgrade them with advanced in-store and digital innovations. Walmart has been undertaking several efforts to enhance merchandise assortments. Walmart has been gaining from its sturdy comp sales record, which, in turn, is driven by its constant expansion efforts and splendid e-commerce performance. price-consensus-eps-surprise-chart | Walmart Inc. ![]()
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