Walmart $Wal-Mart(WMT)$ closed at an all-time high today after posting beats earnings estimate, boosts dividend, agrees to buy Vizio for $2.5 billion.
beat revenue by $3B ($173B vs $170B)
beat EPS by 15 cents (1.80 vs 1.65)
ad biz is up 33% YoY
ecom biz is up 23% YoY
3:1 stock split on Feb. 26, 2024
acquired Vizio for $2.3B to take OTT ad marketshare away from $ROKU (-7% on the day)
Walmart's Q4 2023 earnings report shows that their e-commerce business grew 40% in 2023, largely in part due to their expansion of grocery pickup and delivery services.
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Wal-Mart is poised for new rounds of expansions in the coming years as they have stated. And the analysts predicts it will rise another 5.27% from the latest close price on Tuesday
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