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VisitHow will Walmart's stock price react to the Q2 FY25 earnings report?
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Stock market data following the earnings release
Walmart Reports Strong Q1 Earnings with $0.60 EPS, $161.51B Revenue, Raises Full-Year Guidance
May 16, 2024, 11:33 AM
Walmart reported strong Q1 FY25 earnings, with revenue increasing by 6% year-over-year to $161.51 billion, surpassing the estimated $159.50 billion. Adjusted earnings per share (EPS) were $0.60, beating the expected $0.52. The company's U.S. comparable sales rose by 3.8%, and e-commerce sales grew by 21%. Net income surged by 205.1%. Walmart also raised its full-year guidance, expecting consolidated net sales to be at the high end or slightly above its previous forecast. For Q2, the company anticipates EPS between $0.62 and $0.65 and sales growth of 3.5% to 4.5%. The market responded positively, with Walmart's stock increasing by 6% and its market cap surpassing $500 billion for the first time. The company's improved performance was driven by higher-income households and strong growth in its global advertising and e-commerce businesses.
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