Walmart, Lowe's, Target, Costco Foot Traffic Data Gives Hints About Retail Performance Ahead Of Earnings

Zinger Key Points
  • Retail giants Walmart, Lowe's, Target and Costco are set to release earnings in the coming weeks.
  • Foot traffic data could provide an indication of first quarter results in the retail sector.

Eyes are fixed on retail giants Walmart Inc WMT, Lowe’s Companies Inc LOW, Target Corp TGT, Costco Wholesale Corporation COST and others who are set to set to release earnings this spring. Foot traffic data could provide a glimpse into the sector’s upcoming performance.

Walmart and Sam’s Club Foot Traffic: According to, visits at Walmart were up 3.9% year-over-year, and at subsidiary Sam's Club they were up 6.1%. Walmart's year-over-year visits fell 2.7% in April, rose 7.7% in March and rose 4.4% in February while Sam's Club's visits were up 1.9% in April, up 8.2% in March and up 6.9% in February. The company posted solid growth in Minnesota, Wyoming, North Dakota and South Dakota.

Walmart will release first-quarter earnings on May 16.

Lowe’s Foot Traffic: Lowe's visits during the first quarter were down 4% year-over-year, up 0.2% in April, down 1.1% in March and down 2.8% in February. Competitor Home Depot Inc HD, which already released earnings on May 14, reported visits down 1.1% year-over-year during the first quarter.

Lowe’s will report first-quarter earnings on May 21.

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Target Foot Traffic: Visits in the first quarter at Target were up 3.5% year-over-year. Visits climbed 1.4% in April, 6.3% in March and 5.3% in February.

Target will report first-quarter earnings on May 22.

Costco Foot Traffic: Costco saw the biggest gains in foot traffic in the first quarter. Visits soared 8.9% year-over-year and were up 9.2% in April, 10.5% in March and 10.9% in February.

Costco will report first-quarter earnings on May 30.

Also Read: Economists React To Inflation, Retail Sales: ‘The Soft Landing Narrative Is Still A Possibility But Not A Guarantee’

Photo: Walmart via Shutterstock

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