 "Walmart has picked up 77 per cent in Flipkart")
It could be shaping up to be a good week for Walmart Inc. investors. Even as the company grapples with mounting criticism of its gun-sales policies and concerns over looming tariffs, analysts are predicting a pretty good report.
JPMorgan’s Christopher Horvers expects the company to raise its fiscal 2020 earnings forecast, including Flipkart, to “slight” growth from its previous view of a low-single-digit decline. He isn’t expecting a change to the year comparable sales forecast, which currently stands at 2.5 per cent to 3.0 per cent growth.
Analysts are mixed on comparable sales, with some expecting them to beat estimates and others
