# Retail stocks continue to benefit from resilient consumer spending.

*business · news · 2026-05-07 · Bnn Bloomberg*

## Key points

- Walmart's e-commerce business, now profitable, is growing at nearly 30 percent annually.
- About one-third of Walmart’s operating income growth now comes from higher-margin businesses like advertising and subscriptions.
- Costco’s valuation gap with Walmart has narrowed, making their stocks similarly priced for investors.
- Chewy has begun opening physical veterinary clinics, expanding into higher-margin healthcare services beyond pet supplies.
- Costco may pay a special cash dividend soon, as its cash balance nears historical payout levels.

**Companies:** Walmart, Costco, Chewy
**Countries:** United States

[Read the full story on Bnn Bloomberg](https://www.bnnbloomberg.ca/investing/hot-picks/2026/05/07/hot-picks-walmart-costco-and-chewy-benefit-from-retail-growth/)

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