Why Walmart Stock Is a No-Brainer Hold During a Bear Market
Walmart (NYSE: WMT) delivered robust revenue growth in the third quarter, observing strength across all global segments. And because of Q3's stellar performance, the retail behemoth raised its full-year guidance for consolidated sales growth by 1%, now expecting around 5.5% improvement for the year.
Despite strong sales growth and expectations, Walmart posted a net loss of $1.8 billion in the third quarter. Let's examine the company's results and why the consumer staples stock remains a hold.
Q3 sales beat both analysts' and the company's own expectations, reaching over $150 billion. Walmart enjoyed strong top line performance across all three of its business segments: Walmart U.S., Walmart International, and Sam's Club.
Source Fool.com
