“Food & bev, in particular, is one to watch — with Walmart closing the price gap from 2% in 2020 to just 1% in 2021,” said Profitero's E-commerce Price Index. The index was released ahead of Walmart’s Q3 earnings, which are scheduled for next Tuesday.
Amazon.com Inc. may have held on to its price leadership in the latest E-commerce Price Index from Profitero, but Walmart Inc. is closing the gap.
“While Amazon beats other major retailers on price by 14%, on average, this is down from 16% last year, according to our latest pricing data.” Heading into earnings, Walmart has an average overweight analyst rating and average price target of $169.96, according to 35 analysts polled by FactSet.Earnings: The FactSet consensus is for earnings per share of $1.40, up from $1.34 last year.
Walmart holiday deals include membership incentives. Walmart has started launching its “Black Friday Deals for Days” events, and MKM Partners noticed that there are incentives for Walmart+ members.
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