The Black Friday is over, and no one is really enthusiastic about the global shopping event. How is Walmart doing? The US company is a globally active retail giant that offers a wide range of products. The company distributes articles such as food, clothing, household goods, books, electronics, car parts, furniture, pet food, accessories, toys, cosmetics and jewelry through a global network of its own supermarkets and department stores.

Walmart increases sales and generates profit For the third quarter, the company reported sales of $159.43 billion compared to $151.46 billion a year ago. The net profit was $453 billion compared to a net loss of $1.79 billion a year ago.

Confident annual forecast Walmart now expects earnings per share for the fiscal year 2024 to be between $6.40 and $6.48, compared to previous forecast of $6.36 to $6.46. Comparable sales for the full year are expected to increase between 5% and 5.5%, compared to an increase of 4% to 4.5% previously expected.

Walmart gears up for Christmas shopping Walmart also doubles its selection of Christmas items in a variety of price ranges to attract inflation-plagued customers who want to do their Christmas shopping on a tight budget.

Should you get in after the crash conclusion: A look at the chart shows you that the consumer stock is still in an uptrend. Now, looking at analyst expectations, the mood gets much better. 334 out of 41 analysts recommend buying and 7 want to hold. Not a single analyst wants to sell now. The average analyst target is just under $180, but the highest analyst target is $210. With a P/E of more than 24 based on the 2024 earnings estimates, the consumer stock is no longer a bargain.