Walmart will report its holiday-quarter earnings on Tuesday morning, as buyers and economists attempt to gauge the well being of the American shopper.

This is what analysts count on Walmart to report for the fiscal fourth quarter, based on Refinitiv consensus estimates:

• Earnings per share: $1.51 anticipated
• Income: $159.72 billion anticipated

Walmart is anticipated to share its outlook for the 12 months, too. It is more likely to strike a extra cautious tone. As households pay larger costs due to inflation, they’re additionally spending once more on commuting, eating out and different companies. They’re additionally following a interval of pandemic-fueled spending. All of these components may contribute to slower gross sales and modest plans for spending and hiring.

The corporate isn’t solely the nation’s largest retailer. It is also a grocery powerhouse, an element that has steadied gross sales and pushed foot site visitors as People regulate to excessive inflation.

Walmart’s affiliation with low costs has attracted higher-income buyers in latest months, too. Over the previous two quarters, the corporate mentioned about 75% of its market share good points in meals got here from households that make greater than $100,000 a 12 months.

Shares of Walmart closed on Friday at $146.44, bringing the corporate’s market cap to just about $395 billion. The corporate’s shares are up about 3% to date this 12 months, underperforming the S&P 500’s roughly 6% achieve throughout the identical interval.