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Walmart Surpasses Q1 Earnings Expectations with $0.60 EPS, $161.51B Revenue, Stock Surges
May 16, 2024, 01:53 PM
Walmart reported strong first-quarter earnings for fiscal year 2025, significantly surpassing analysts' expectations. The retail giant posted an adjusted earnings per share (EPS) of $0.60, compared to the estimated $0.52, and revenue of $161.51 billion, exceeding the forecasted $159.58 billion. This marks a 6% increase in revenue year-over-year. The company also reported a net income increase of 205.1% and US comparable sales growth of 3.8%. Sam's Club saw a 4.6% rise in sales. Additionally, Walmart raised its full-year guidance, anticipating higher sales and profit driven by easing inflation and increased spending from higher-income shoppers. The company provided Q2 EPS guidance of $0.62 to $0.65. Walmart's e-commerce sales grew by 21%, and its global advertising business saw a 24% increase. Following the earnings report, Walmart's stock surged, reaching a record high and pushing its market value above $500 billion for the first time.
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