Wall Street Likes Walmart, But I Don't - Reiterate Sell
Walmart Inc. reported strong Q1 results with revenue growth and robust eCommerce performance. However, the company is experiencing a slowdown in U.S. sales momentum, which has raised concerns. Analysts remain cautious, reiterating a sell recommendation despite the positive earnings report.
- ▪Walmart's Q1 results showed revenue growth acceleration.
- ▪The company's eCommerce performance was strong during the quarter.
- ▪There is a deceleration in U.S. sales momentum, leading to concerns about future performance.
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