Walmart Inc
WMT: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$94.00 | Zdtz | Yjmtftj |
Positive Signs at Walmart as Trends Improve Late in Second Quarter; Long-Term View Intact
Our $138 fair value estimate should not change significantly after wide-moat Walmart reported second-quarter results, with management indicating that sales and inventory positions improved late in the period (ended July 31). We still expect low-single-digit annual top-line growth and mid-single-digit operating margins over the long term and suggest prospective investors await a greater margin of safety.