#6 - Walmart (NYSE:WMT)
If there is any company aside from Amazon that was best suited to combat the Covid-19 pandemic, it was Walmart (NYSE:WMT). The company kept their stores open both for in-store and curbside delivery to help other Americans stay home.
And the company did more than hold its own. Walmart posted earnings that showed it is actually taking a slight lead in the grocery sector. The company’s total revenue increased by 9% year-over-year, it’s the highest growth rate in nearly 20 years. And the retailer saw an even more rapid growth in the all-important same-store sales.
And in the area of e-commerce known as omnichannel (buy online, pick up at the store), Walmart sales climbed by 74%. But maybe the most impressive statistic for Walmart at the moment is that the company saw its quarterly net income rose on a year-over-year basis. This was even though, like many retailers, it had higher Covid-19 related costs such as employee health bills and higher wages and bonuses for workers.
About Walmart
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
Read More - Current Price
- $92.24
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 29 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $93.69 (1.6% Upside)
