Walmart is set to report its fiscal first-quarter earnings before the bell on Tuesday.

Here’s what Wall Street is anticipating, in accordance to Refinitiv consensus estimates:

• Earnings per share: $1.21
• Revenue: $131.97 billion

The discounter’s outcomes will present how a lot of its gross sales development it has been in a position to maintain, significantly in its e-commerce enterprise, as extra shoppers get Covid-19 vaccinations and return to extra typical, pre-pandemic spending habits. Same-store gross sales development rose by 8.6% and e-commerce development soared by 79% in the U.S. in the most up-to-date fiscal yr — a pointy trajectory that will probably be tough to match.

Walmart has stated it expects internet gross sales to develop in the low single digits with working earnings and earnings per share flat or up barely this fiscal yr, when excluding the influence of divestitures. It has not offered a extra detailed forecast.

The firm is wanting to drive customer loyalty with Walmart+, a subscription service that it launched in September. It has between Eight million and 9 million members, in accordance to a latest estimate by Consumer Intelligence Research Partners. With the program, the retailer may also give a lift to different rising components of its enterprise — like gathering extra shopper information that it could actually use for its rising advert enterprise and promoting new sorts of companies to clients from financial tools to health-care appointments.

As of Monday’s shut, Walmart’s shares have declined practically 4% thus far this yr. Shares closed at $138.89 on Monday, bringing the firm’s market worth to $390.76 billion.

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