Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Store checks suggest Walmart’s holiday positioning remains strong: Jefferies

admin by admin
December 23, 2024
in Stock
0
Store checks suggest Walmart’s holiday positioning remains strong: Jefferies
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Investing.com — Walmart’s holiday preparations appear to be in full swing, with Jefferies analysts highlighting the retailer’s strong positioning following a recent visit to a Walmart (NYSE:WMT) Supercenter in Canada. 

The investment bank said in a note that the store was “heavily trafficked, clean, and well merchandised,” with several factors pointing to robust performance during the holiday season and beyond.

One standout was said to be Walmart’s fresh section, which Jefferies described as well-stocked, “bright, and new.” 

“The section was well trafficked. Food and consumables led the 3.1% Q3 comp sales growth in Canada. We expect momentum in this part of the business will continue ahead,” said Jefferies.

The general merchandise sections also impressed the firm, featuring a variety of holiday-ready products, including branded apparel (Reebok, NFL merchandise) and popular gift items like toys, plants, and candles. 

Jefferies noted Walmart U.S.’s positive general merchandise comps in Q3—the first since 2022—signaling a potential shift in consumer spending.

Walmart’s competitive pricing strategies are said to further bolster its holiday outlook. 

Jefferies highlighted “a healthy amount of rollbacks and discounts,” with 6,000 items on rollback and 2,000 converted to permanent price reductions in the U.S. 

Analysts noted Walmart’s price gaps, especially in private labels, remain strong without significantly impacting margins. 

For example, they state that Walmart’s Great Value mac and cheese was priced at just 97 cents compared to $1.67 per unit for a national brand.

E-commerce is considered another bright spot, with Walmart Canada reporting 27% e-commerce sales growth for the second consecutive quarter. During the visit, analysts observed numerous pickers fulfilling online orders, underscoring this trend.

Given these strengths, Jefferies reiterated Walmart as a top pick into 2025, citing the retailer’s ability to gain wallet share, improve discretionary spending, and leverage technology for margin expansion. The firm maintains a Street-high price target of $111 for Walmart.

This post appeared first on investing.com

Previous Post

Prosus to buy Latin American online travel agency Despegar.com for $1.7 billion

Next Post

Elon Musk’s X lifts price for premium-plus tier to pay creators

admin

admin

Next Post
Elon Musk’s X lifts price for premium-plus tier to pay creators

Elon Musk’s X lifts price for premium-plus tier to pay creators

Trending News

US stocks open in the red: Dow slips 300 points, S&P down 0.8%

US stocks open in the red: Dow slips 300 points, S&P down 0.8%

May 6, 2025
China’s Pony AI seeks up to $4.55 billion valuation in upsized US IPO

China’s Pony AI seeks up to $4.55 billion valuation in upsized US IPO

November 20, 2024
CVS adds four new board members in deal with Glenview Capital

CVS adds four new board members in deal with Glenview Capital

November 18, 2024
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.