Published on 14 Oct 2021 on Zacks via Yahoo Finance
Bull of the Day: Walmart Inc. (WMT)
Big retailers were edging out smaller competitors for decades and the pandemic-induced shopping environment helped cement their standing as they push deeper into e-commerce and delivery. Walmart Inc. WMT posted a banner year in 2020 and its outlook remains strong. Now, its year-long underperformance could make for an enticing entry point into the world's largest retailer.
Looking to the Future
Walmart’s revenue climbed 7% last year (its fiscal 2021), while its comparable sales climbed 9%. Expanded delivery and various pick-up options helped drive 80% e-commerce growth. In an effort to directly challenge Amazon’s AMZN popular Prime service, which includes many delivery perks, WMT launched last fall its own subscription service dubbed Walmart+.