business / news / / Bnn Bloomberg
Retail stocks continue to benefit from resilient consumer spending.
Walmart's e-commerce business, now profitable, is growing at nearly 30 percent annually.
KEY POINTS
- 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
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