Walmart Q1 Earnings Preview: Here's What You Need to Know
Walmart (NYSE: WMT) continues to rack up sales growth as consumers flock to its stores for essentials and non-essentials alike. The international retailer initially benefited during COVID-19 lockdowns in the U.S., where it derives most of its sales, as folks had limited options on where they could spend money.
Walmart has been able to sustain the momentum despite increasing parts of the economy opening up with the increased rollout of vaccines. The reopening has gained steam in the last few months, and so it will be interesting to see if sales at Walmart were affected. That's why when the retailer reports first-quarter earnings for the fiscal year 2022 on Tuesday, May 18, the comparable store sales figure is a metric that investors will want to pay close attention to.
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Source Fool.com
