Walmart Q3 Earnings Preview: Will Rising Costs Hurt the Retail Giant?
The international retail giant will report fiscal 2022 third-quarter earnings on Nov. 16. Walmart (NYSE: WMT) benefited at the pandemic onset when it was deemed an essential retailer and allowed to stay open while many other businesses were forced to close their doors. As a result, sales increased for the company that boasts four consecutive years of over $500 billion in annual revenue.
Economies are reopening, presenting new challenges for businesses, Walmart included. Customer demand remains high while production is constrained, and the supply and demand imbalance is raising costs for businesses and consumers alike. It will be interesting to see if Walmart could use its large scale to keep costs under control when it reports third-quarter earnings results.
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Source Fool.com
