Walmart Beats Q1 Estimates with $161.51B Revenue, $0.60 EPS, Raises FY25 Guidance, Stock Up 6%

May 16, 2024, 11:17 AM

Walmart reported strong first-quarter earnings, significantly surpassing market expectations. The company posted an adjusted earnings per share (EPS) of $0.60, beating the estimated $0.52, and a revenue of $161.51 billion, exceeding the forecasted $159.58 billion. Walmart's net income rose by 13.9% year-over-year to $984 million, with a notable increase of 205.1%. The company also saw a 6% increase in total revenue and a 21% growth in global eCommerce sales. U.S. comparable sales were up 3.8%, and Sam's Club sales increased by 4.6%. Walmart updated its full-year guidance, expecting fiscal 2025 sales and profit to be at the high end or slightly above previous guidance. The company's stock rose by approximately 6% following the earnings report. Additionally, Walmart provided Q2 EPS guidance of $0.62 to $0.65 and reported a market cap of $482.22 billion. The company also noted a 2.7% decrease in global inventory and share repurchases totaling $1.1 billion.