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Walmart
will report fiscal third-quarter earnings before the bell on Thursday and give the latest read on consumer spending as the retail industry heads into the holiday season.
Here’s what Wall Street expects for the company’s fiscal third quarter, according to a survey of analysts by LSEG:
The retail giant, which draws shoppers across incomes, is well-positioned to give a snapshot of U.S. consumer health and the impact of short-term factors that may have colored the quarter. As the nation’s largest grocer, it has many shoppers who receive Supplemental Nutrition Assistance Program, or SNAP, benefits, formerly known as food stamps. Recipients stopped receiving that aid during the prolonged government shutdown.
