Looking forward for these upcoming earnings release, this will start in the trading week of May 18th 2020.
I’m looking forward to Walmart earnings in particular, with the pandemic and COVID-19 it will be interesting to see how much revenue they generated, in their case it is possible they will post solid earnings since most people had to buy more groceries due to the stay at home orders from most Governors.
Here is a basic breakdown on how Walmart Inc makes their money:
- Physical stores in most US states
- Sales through their online store at Walmart.com
- Walmart International with stores from around the world
- Sam’s Club
- Other smaller businesses
Here is a more detailed breakdown on how they generate their revenue.
We’ll see how their earnings go, I am a buyer of Walmart stock and I am planning on holding for a long time.