Blockbuster Deals From Wal-Mart Stores Inc. (NYSE:WMT)
Wal-Mart Stores, Inc. (NYSE:WMT) has announced its blockbuster Black Friday deals two hours earlier than last year. The world’s largest retailer will host its first two Black Friday deals at 6 p.m. and 8p.m. on Thanksgiving Day and 8 a.m. on November 29, that’s Friday.
Wal-Mart said it will double the number of tablets and offer 65% more inventory on televisions as compared to last year; and that too on much lower prices.
This year’s Black Friday deals will allow customers to buy a 32-inch LED TV for as less as $98, while last year a 32-inch LED TV was sold for $148.
There seems to be major difference between last year’s and this year’s discounts at Wal-Mart.
“Black Friday is our day – our Super Bowl – and we’re ready to prove once again that no one does it better than Wal-Mart,” said Bill Simon, president and CEO, Wal-Mart U.S.
Hundreds more items will go on sale at Wal-Mart once it opens its doors on the two occasions. Check out some of the deal details.
Will Wal-Mart live up to analyst’s expectation tomorrow?
Wal-Mart Stores, Inc. (NYSE:WMT) is also ready to announce its third quarter earnings for the year 2013 on Thursday, November 14. According to the consensus estimates, Wal-Mart is expected to post $1.13 earnings per share.
The company is estimated to announce revenue of $116.79 billion for the third quarter of 2013, which represents an increase of 3% compared to $113.93 billion reported during the same quarter of 2012.
For the fiscal year, analysts predict $5.19 earnings per share, while the revenue is estimated to be somewhere about $480.19 billion.
Wal-Mart Stores’ revenue increased in the last two quarters, however, in the most recent quarter, revenues were up by 3% year-over-year to reach at $116.95 billion. And, a quarter prior to that there was just 1% increase in the company’s revenue.
On the other hand, Wal-Mart Stores, Inc. (NYSE:WMT) has been posting a decent rise in its profits for the past three consecutive quarters.