Overview
- Walmart reported adjusted earnings per share of $0.61 and net sales of $165.6 billion for Q1, surpassing analyst expectations.
- U.S. comparable sales rose 4.5%, driven by grocery demand and higher-income customer growth, outperforming the 3.94% analyst estimate.
- The company's U.S. e-commerce division achieved profitability for the first time, marking a significant milestone in its digital strategy.
- Despite maintaining its full-year guidance, Walmart announced it will likely raise prices on some items due to the ongoing impact of tariffs.
- The retailer withheld second-quarter profit forecasts, citing uncertainty around trade policies despite a temporary U.S.-China tariff truce reducing duties.