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A positive forecast from retail bellwether Walmart on Thursday signaled a resilient U.S. shopper, in line with earlier remarks by one of its key suppliers and one of its retail rivals.
The company's CFO said customers across incomes are looking for cheaper meals.
Walmart (WMT) posted its first quarter report revealing a profit of $5.10 billion for the quarter and a 21% year-over-year growth in eCommerce sales. The company also posted its full-year guidance for 2025, with projected adjusted earnings of $2.23 to $2.37 per share.
Walmart reported better than expected Q1 earnings Thursday (May 16) but that's not the most important story. The earnings announcement and subsequent analyst call showed a price-driven retailer making adjustments to its core business model in the interest of driving long-term revenue growth in the connected economy.
Walmart reported better than expected Q1 earnings Thursday (May 16) but that's not the most important story. The earnings announcement and subsequent analyst call showed a price-driven retailer making adjustments to its core business model in the interest of driving long-term revenue growth in the connected economy.
Shares of Walmart (WMT) are trading higher on Thursday after the retail giant beat analyst estimates in its first quarter earnings report. The company saw same-store sales rise 3.8% during the quarter, while e-commerce sales witnessed a 22% year-over-year growth.
Oliver Chen, TD Cowen analyst, joins 'Money Movers' to discuss why Chen favors Walmart over Target, the trend of consumers trading down, and more.
Walmart beat estimates on the top and bottom lines. All three of its business segments delivered strong results.
Although the revenue and EPS for Walmart (WMT) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Walmart (WMT) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.49 per share a year ago.