Walmart

Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better – anytime and anywhere – in stores, online, and through their mobile devices. Each week, approximately 240 million customers and members visit approximately 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2023 revenue of $611 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X (formerly known as Twitter) at twitter.com/walmart, and on LinkedIn at linkedin.com/company/walmart.

Walmart (NYSE:WMT) Fiscal Q1 Adjusted Earnings, Revenue Rise; Issues Fiscal Q2 Outlook, Lifts Fiscal 2024 Guidance

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Walmart (WMT) reported fiscal Q1 adjusted earnings  of $1.47 per diluted share, up from $1.30 a year earlier. Analysts polled by Capital IQ expected $1.32. Net sales for the quarter ended April 30 were $151 billion, up from $140.29 billion a year earlier. Analysts surveyed by Capital IQ expected $147.91 billion. For fiscal Q2, Walmart estimates $1.63 to $1.68 in adjusted EPS and net sales growth of roughly 4%. Analysts surveyed by Capital IQ expect adjusted earnings of $1.70 per share. For fiscal-year 2024, the company now expects adjusted EPS of $6.10 to $6.20 and net sales growth of roughly 3.5%. It previously expected adjusted EPS of $5.90 to $6.05 and 2.5% to 3% in sales growth. Analysts polled by Capital IQ expect adjusted EPS of $6.14.

Walmart (NYSE:WMT) Fiscal Q1 Adjusted Earnings, Revenue Rise; Issues Fiscal Q2 Outlook, Lifts Fiscal 2024 Guidance Read Post »

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