Walmart’s (WMT) Q2 results were mixed vs. expectations as higher than expected claims costs caused EPS to fall below consensus, but comps beat, and the quarter showed continued strength across high-margin growth vectors, Raymond James tells investors in a research note. The firm, which has an Outperform rating on the shares, says Walmart continues to gain share, drive profitable omni-channel growth across the entire enterprise, and execute on a favorable mix shift, all of which support a long-term margin expansion opportunity.
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