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Key Takeaways Analysts estimate adjusted EPS of $1.48 vs. $1.69 in Q1 FY 2022. U.S. comparable sales (excluding fuel sales) are expected to rise YOY, but at less than half the pace of the same quarter a year ago. Revenue is expected to barely increase for the second straight quarter as the boost from the pandemic continues to wear off. Walmart Inc. ( WMT ), one of the world's biggest retailers, enjoyed unusually strong earnings and revenue growth during the past two years. The key driver was consumers who changed their buying patterns in several ways during the pandemic. Walmart's e-commerce sales soared as people sheltering at home boosted their shopping online. And consumers also spent more on manufactured goods as they spent less on dining out and traveling. But these pandemic-related forces are beginning to lose momentum. As a result, Walmart's growth has begun to slow sharply. Investors will be watching whether Walmart can reverse its slowdown in growth when … [Read more...] about Walmart Q1 FY2023 Earnings Report Preview

Former Sen. Ferdinand “Bongbong” Marcos Jr. and Sen. Alan Peter Cayetano (File photos by GRIG C. MONTEGRANDE / Philippine Daily Inquirer) MANILA, Philippines — Give Ferdinand “Bongbong” Marcos Jr. a chance to prove what he could do as president, but people should not follow him “blindly,” Senator-Elect Alan Peter Cayetano said on Wednesday. Cayetano, who faced Marcos in the 2016 vice-presidential elections, made the remark shortly after the Commission on Elections (Comelec) proclaimed him a winner, along with 11 other senatorial bets in the so-called Magic 12. “He was elected. He’s set to be proclaimed. Give him a chance. Let’s see what he does, and let’s judge it later on. It’s easy to judge him and his family before this — that’s clear,” Cayetano said in a press briefing. “But now, Filipino have spoken: He’s what we want as president. So let’s judge him based on his actions when he’s already there. But as I was saying, let’s not follow blindly,” he added, speaking in a … [Read more...] about Give Marcos a chance, but let’s not follow blindly – Cayetano