Why Walmart's Stock Hit an All-Time High but Target's Slumped on Q3 Earnings
WMTWalmart(WMT) Investopedia·2024-11-21 02:35

Key TakeawaysWalmart's shares hit a new record high following its earnings report yesterday, but Target's fell to their lowest point in a year following its results Wednesday.Target's sales and profits fell short of estimates, while Walmart's results surpassed expectations in the third quarter.Both retailers said lower prices and convenience features like curbside pickup and same-day delivery are driving sales, but those trends have seemed to benefit Walmart more in recent quarters. Target (TGT) shares sank ...