WMT Stock Holds Defensive Appeal During Difficult Times, Says Analyst
Low-price retailer Walmart’s (NYSE: WMT) solid quarterly results from earlier this week proved its resilience and operational excellence in the face of severely uncertain market conditions. Robert W. Baird analyst Peter Benedict deliberated over the company’s quarterly performance and its current progress and emerged bullish on Walmart’s prospects. Too Many Upsides to Ignore Walmart’s affordable products, especially in the grocery segment, helped pull more middle-to-high income customers to its stores as inflation rose to a 40-year high during Q2. Mentioning research firm Nielsen’s findings, Benedict noted that the company continues to gain market share in the grocery domain.
WMT Stock Holds Defensive Appeal During Difficult Times, Says Analyst
Low-price retailer Walmart’s (NYSE: WMT) solid quarterly results from earlier this week proved its resilience and operational excellence in the face of severely uncertain market conditions. Robert W. Baird analyst Peter Benedict deliberated over the company’s quarterly performance and its current progress and emerged bullish on Walmart’s prospects. Too Many Upsides to Ignore Walmart’s affordable products, especially in the grocery segment, helped pull more middle-to-high income customers to its stores as inflation rose to a 40-year high during Q2. Mentioning research firm Nielsen’s findings, Benedict noted that the company continues to gain market share in the grocery domain.