This is Walmart's 'Achilles' heel,' expert says $WMT (via TradingNation)
The world's largest brick-and-mortar retailer is scheduled to report its fiscal third-quarter earnings on Thursday before the opening bell, and Wall Street experts are watching closely for any word on China, the Amazon.com rivalry or the state of the U.S. consumer."This is a great company, no question.
Given that somewhat bearish setup, Johnson wasn't a buyer of Walmart heading into its Thursday morning report. Gina Sanchez, founder and CEO of Chantico Global, agreed with Johnson that Walmart shares were looking expensive. As for Thursday's results, Sanchez figured investors would be squarely focused on the company's revenue growth, which she said "has been propped up by very strategic decisions" like the"They have 1,100 same-day delivery locations, 2,700 same-day pickup locations, and now, they're at almost three-quarters of the population available for next-day delivery," Sanchez said. "All of those things have been driving massive growth.
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