Walmart has a ‘secret ingredient’ in Target competition, analyst says

Walmart has a ‘secret ingredient’ in Target competition, analyst says

Walmart (WMT) may have an edge over its competition, Target — selling gasoline. Walmart+ members can save 10 cents a gallon at a number of participating Walmart, Murphy, Exxon and Mobil (XOM) stations nationwide.

“This is actually Walmart’s secret ingredient over Target,” Jharonne Martis, director of consumer research at Refinitiv.

In Walmart’s second-quarter fiscal 2023 earnings results, year-over-year sales grew 6.5%. This quarter alone, membership income grew 25.6%, according to…


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