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Shares of retail giant Walmart (NYSE: WMT) were up a whopping 72% in 2024. To put the magnitude of this move in perspective, this was the best year for Walmart stock since 1998 -- you read that right.
Unless Walmart significantly accelerates its earnings growth, the stock could revert back to its previous 10-year average P/E of 28, which would cause a short-term sell-off in the share price.
The following chart provides an excellent picture of Walmart's performance over the last 20 years. In the late 2000s, Walmart thrived, with strong revenue growth and 5.5% to 6% operating margins.
Over the past three years, Walmart's stock rose more than 90% as Costco's stock rallied over 60%. The S&P 500 only advanced 23% during that period.
To fully understand why Walmart stock did so wall last year, one must go all the way back to 2020. The COVID-19 pandemic was in full swing then, working in the retailer's favor. But by 2021, red ...
In one corner, Walmart (NYSE: WMT) stock is having a banner year, up 54% amid a string of better-than-expected results. On the other side, Dollar General (NYSE: DG) has struggled to manage weak ...
As of 10:13 a.m. ET, the stock was up 6.7% on the news. ... Walmart has been one of the most resilient retailers on the market in recent years, and that pattern continued in the second quarter ...
Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion.