Between competition from Amazon, big-box retailer peers and traditional grocery stores, Walmart has a lot to worry about. The biggest source of relief for Walmart was that it appeared to gain back some market share in groceries. Earlier data from Numerator for the year through March 31 showed that Walmart’s grocery market share in the U.S. declined to 20.1% from 22% a year prior. That marked a contrast from Kroger, Costco and Target, which all saw their grocery market share increase over the same period. Investors may need to see a couple more quarters of unquestionable market share gains in the grocery aisles before Walmart can close that valuation gap.

Source: Mint May 18, 2021 15:56 UTC