Walmart Reports 4.0% U.S. Sales Growth, Home Depot's 39% Sales Increase Despite U.S. Dip, Transactions Up 4.3%
Walmart reports a 4.0% increase in U.S. comparable sales with transactions up 4.3% but average ticket down 0.3%. Home Depot's sales grew 39% over 4 years despite a 4% U.S. dip in 2023. Walmart's solid Q indicates consistent growth in traffic and sales. Walmart and Home Depot's earnings offer insights on consumer trends and inflation. Walmart is gaining share in food, while Home Depot's comps dipped in Q4 but traffic improved. Walmart's international sales growth in Q4 was driven by Flipkart, Mexico, and China units.
Sources
Seabridge Gold Investor (NYSE:SA | TSX:SEA.TO)
The Conference Board's Leading Economic Indicators (LEI) continued to fall in January, dropping 0.4% MoM (more than expected). The biggest positive contributor to the LEI was stock prices (again) while the biggest negative contributor was average workweek. This is the 22nd…
Rahul SharmaIn answer to sell-sider asking about 'signs of life', Depot CEO cites upbeat view on US consumer despite stalling sales, tying in with others from Coke to Walmart. But constant refrain from macro bears & sell-side has been & still is 'weak' consumer. $HD $WMT $XLY $KO https://t.co/4EkftfxRHo
- Rahul Sharma
This is important from Depot. January was hugely negative for retail. More so for $HD where December isn't as big as for others. Adjust for that & business improved from Q3 with 4-year stack likely steady. Normalisation may be closer than folks think $LOW $XLY https://t.co/nRhu70VoVQ