What factors could impact WMT's future EPS?

**Walmart's future EPS is likely to be influenced by a combination of factors**, including:

1. **Economic Conditions**: As a retail giant, Walmart's EPS is sensitive to economic fluctuations. Favorable economic conditions, such as strong consumer spending, can boost EPS, while economic downturns or uncertainty can negatively impact it.
2. **Strategic Initiatives**: Walmart's EPS has been positively influenced by its strategic initiatives, such as the growth of its e-commerce platform and store-fulfilled pickup and delivery services. Continued investment in these areas is likely to support EPS growth.
3. **Gross Margin Improvement**: Walmart has seen an improvement in gross margin, which is a positive indicator for EPS. As the company continues to optimize its pricing strategy and reduce costs, gross margin improvement could contribute to higher EPS.
4. **Operating Income Growth**: The company's operating income has shown growth, which is a direct result of higher gross margins and membership income. This trend is likely to continue, supporting EPS growth.
5. **Interest and Tax Rates**: Changes in interest and tax rates can impact Walmart's EPS. For example, lower interest rates can reduce the company's interest expenses, potentially increasing EPS.
6. **Inventory Management**: Walmart's inventory levels can affect its EPS. Efficient inventory management, including reducing inventory costs and improving in-stock levels, can contribute to higher EPS.
7. **Analyst Estimates and Ratings**: Analysts' expectations regarding Walmart's EPS are influenced by the company's performance and market conditions. Positive revisions in estimates can reflect analyst optimism, potentially leading to higher EPS.
8. **Market Share and Competition**: Walmart's EPS is also affected by its market share and competition. The company's ability to maintain or gain market share in a competitive environment can support EPS growth.
9. **Dividend Payments**: Walmart has increased its dividend, which can impact EPS. While dividend payments reduce the company's earnings, they also reflect confidence in future earnings growth and can positively influence investor perception.

In conclusion, Walmart's future EPS is likely to be influenced by a combination of economic conditions, strategic initiatives, gross margin improvement, operating income growth, interest and tax rates, inventory management, analyst estimates, market share, competition, and dividend payments. These factors will interact with each other and with broader market conditions to determine the company's future earnings performance.