Walmart Cuts Earnings Outlook, Partners With Advance Auto Parts [Investor's Business Daily]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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Source: Investors Business Daily
Related news Walmart ( WMT ) cut its earnings guidance Tuesday to include the purchase of a majority stake in Indian e-commerce giant Flipkart and announced a partnership with Advance Auto Parts ( AAP ). X After spending $16 billion on Flipkart earlier this year, Walmart earnings in the current fiscal year are now seen at $4.65-$4.80 per share, below the Wall Street consensus for $4.90 and down from a prior outlook of $4.90 to $5.05. Walmart also downgraded its 2020 U.S. comparable sales outlook and now sees it growing 2.5%-3% vs. the 3% gain it predicted earlier this year. Shares recovered from earlier losses and rose 1.2% to 94.98 on the stock market today . Target ( TGT ) and Costco ( COST ) rose a fraction. Walmart is hosting its annual investors meeting Tuesday, where CEO Doug McMillon plans to discuss e-commerce gains, investments and sales improvement. Walmart earnings for Q3 will come out Nov. 15. Also Tuesday, Walmart announced a partnership with Advance Auto Par
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AAP
News
- Advance Auto Parts, Inc. (NYSE: AAP) had its price target lowered by analysts at Evercore ISI from $82.00 to $78.00. They now have an "in-line" rating on the stock.MarketBeat
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AAP
Earnings
- 2/28/24 - Miss
AAP
Sec Filings
- 4/8/24 - Form DEF
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form ARS
- AAP's page on the SEC website