Analyst expects more from Walmart than Target in 1Q
May 15, 2023
Michael Lasser, an analyst at UBS, expects Walmart to post 4.5 percent year-over-year growth in same-store sales for its first quarter. Target, he thinks, will only register a 0.5 percent gain. Both companies will have margins pressured as consumers buy lower-margin everyday items rather than more profitable discretionary products.
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