About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Walmart Inc (NYSE:WMT) stock is falling this morning, last seen 3.8% lower at $93.20 even after the retail giant beat quarterly earnings expectations and delivered its first-ever profitable quarter for e-commerce operations. Revenue for the three-month period landed just shy of estimates, while executives warned that recently lowered tariffs remain “too high” and could still drive consumer prices higher by June. Despite the uncertainty, Walmart reaffirmed its full-year sales and earnings guidance.The option ...

Walmart said Thursday it plans to increase prices this month as tariffed goods start to hit shelves — warning that the size and speed of the price hikes could be “unprecedented”.The Arkansas-based retail giant has already started raising markups on certain items as suppliers pass along the additional costs. Bananas, for example, jumped to 54 cents a pound, up from 50 cents, according to Walmart Chief Financial Officer John David Rainey.“The magnitude and speed at which these prices are coming to us is somew ...

全球零售巨头沃尔玛发布了稳健的季度业绩，但同时警告称，由于关税和日益加剧的经济动荡，公司将 从本月开始上调部分商品价格。 "在当今动态的运营环境中，缺乏明确性使得对非常近期的预测变得极其困难。" Rainey表示，结果的范围是"相当极端"，公司正在为未来几个月内贸易战和整体经济不景气带来的更大 冲击做好准备。 特朗普的关税已经颠覆了各行各业企业的运营。最近几周，大多数面向消费者的美国公司都报告了疲软 的业绩，原因是需求不稳定和经济疲软。宝洁公司和卡夫亨氏公司削减了年度展望，西南航空公司等航 空公司则对即将到来的经济衰退表示担忧。 财报显示，截至4月30日的季度，沃尔玛美国同店销售额增长了4.5%，调整后每股收益为0.61美元。这 一业绩超出了华尔街分析师的预期，表明其通过降低价格以赢得市场份额的策略正在奏效。 然而，反复无常的关税政策阴影笼罩，沃尔玛交易增长有所放缓，销售额也出现波动，杂货和药房销售 额保持坚挺，而日用品销售额则出现下滑。更糟糕的是，由关税引发的价格上涨预计将很快波及货架。 沃尔玛首席财务官John David Rainey在接受采访时表示： "如果你还没有看到，它将在5月发生，然后会变得更加 ...

智通财经APP获悉，美国4月份零售销售增长明显放缓，表明在担心关税导致价格上涨之际，消费者减少了对汽车、体育用品和其他类别进口商品的支 出。美国商务部周四公布的数据显示，美国4月零售销售环比增速大幅下降至0.1%，前值修正后为1.7%，但高于预期的持平。美国4月零售销售(除汽车)环 比增长0.1%，不及预期的0.3%，前值修整后为0.8%。 | Metric | Actual | Estimate | | --- | --- | --- | | Retail sales (MoM) | +0.1% | +0.0% | | Sales ex. autos (MoM) | +0.1% | +0.3% | | 'Control group' sales (MoM) | -0.2% | +0.3% | 在报告的13个类别中，有7个类别出现了下降。在经历了上个月的购车热潮后，汽车销量略有下降。作为零售报告中唯一的服务业类别，餐馆和酒吧的支 出连续第二个月强劲增长。 在美国总统特朗普加征关税之前，美国消费者提前大量购物，数据在3月强劲增长后回落表明，消费者正在削减支出，这将加剧人们对经济增长放缓的担 忧。随着消费者信心恶 ...

沃尔玛(WMT.N)下跌4.9%，为4月4日以来最大盘中跌幅。 ...

Core Viewpoint - Walmart reported quarterly earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, and showing a slight increase from $0.60 per share a year ago, indicating a 7.02% earnings surprise [1][2] Financial Performance - The company achieved revenues of $165.61 billion for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 0.01%, and reflecting a year-over-year increase from $161.51 billion [2] - Over the last four quarters, Walmart has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Performance - Walmart shares have increased approximately 7.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.2% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.70, with projected revenues of $174.71 billion, while the estimate for the current fiscal year is $2.59 on revenues of $702.68 billion [7] - The Zacks Rank for Walmart is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Retail - Supermarkets industry, to which Walmart belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Financial Data and Key Metrics Changes - For the first quarter, the company grew sales by 4% and profit by 3% in constant currency [7] - Consolidated revenue increased by 4% in constant currency, despite currency headwinds reducing reported sales results by $2.4 billion [25] - Adjusted operating income grew by 3% in constant currency, with adjusted EPS of 61 cents, higher than the guided range [33] Business Line Data and Key Metrics Changes - Walmart US comp sales grew by 4.5%, aided by strong e-commerce sales growth of 21% [26] - Sam's Club US comp sales, excluding fuel, increased nearly 7%, with e-commerce growing by 27% [29] - International business sales grew by 7.8% in constant currency, driven by strength in China and Flipkart [28] Market Data and Key Metrics Changes - E-commerce globally grew by 22%, with each segment delivering growth of at least 20% [8] - In international markets, items delivered same or next day increased by 35%, with about 45% delivered in under three hours [28] - The number of deliveries in less than three hours for Walmart US grew by 91% year-on-year [9] Company Strategy and Development Direction - The company is focused on driving e-commerce growth and reshaping its business model for higher profitability [9] - The strategy includes managing inventory effectively and navigating tariff impacts while maintaining low prices [11][21] - The company aims to grow profit faster than sales, with a commitment to diversifying income streams through advertising and membership [19][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating cost pressures from tariffs and maintaining profitability [21][39] - The company anticipates that economic uncertainty may provide opportunities to gain market share [37] - Management emphasized the importance of managing inventory well in a dynamic environment [46] Other Important Information - The company achieved e-commerce profitability for the first time on a global basis [30] - Membership fee income grew nearly 15% across the enterprise, with strong growth in Sam's Club and Walmart Plus memberships [31][32] - The company repurchased $4.6 billion in stock during the first quarter, equivalent to the total for the previous year [35] Q&A Session Summary Question: E-commerce profitability and future margins - Management highlighted that e-commerce profitability was achieved globally, driven by network densification and reduced delivery costs [51][52] Question: Balancing investments and profit growth - Management stated that they are striking the right balance between investment and profit growth, with a focus on diversifying income streams [70][71] Question: Consumer behavior across income levels - Management noted growth across all income cohorts, with a focus on value and speed of delivery [75][76] Question: Capital allocation and automation investment - Management confirmed that CapEx will remain in the range of 3% to 3.5% of sales, with a focus on long-term returns [85][86] Question: Strength in advertising and integration of Vizio - Management reported strong growth in Walmart Connect and highlighted the ongoing integration of Vizio [91][92] Question: Impact of tariffs on inventory planning - Management emphasized the importance of managing replenishable items and adjusting inventory based on tariff assumptions [106][107]

Financial Data and Key Metrics Changes - For the first quarter, the company reported a sales growth of 4% and profit growth of 3% in constant currency [6] - International sales increased by 7.8%, with e-commerce growing globally by 22% [6][25] - Consolidated revenue increased by 4% in constant currency, despite currency headwinds reducing reported sales by $2.4 billion [25] - Adjusted operating income grew by 3% in constant currency, with adjusted EPS of 61¢ exceeding the guided range [33] Business Line Data and Key Metrics Changes - Walmart US comp sales grew by 4.5%, driven by strong e-commerce sales growth of 21% [26] - Health and wellness sales increased in the high teens, while general merchandise sales saw a slight decline [26] - Sam's Club US comp sales, excluding fuel, increased nearly 7%, with e-commerce growing by 27% [28] - The advertising business across markets increased by 50%, with Walmart Connect in the US growing by 31% [31] Market Data and Key Metrics Changes - The international business saw a sales growth of 7.8% in constant currency, particularly strong in China and Flipkart [27] - Items delivered same or next day in international markets increased by 35%, with about 45% delivered in under three hours [27] - The company reported that over 50% of Sam's Club members now transact digitally [28] Company Strategy and Development Direction - The company is focused on driving e-commerce growth and enhancing delivery speed, aiming to reach 95% of the US population with delivery options of three hours or less [8] - The strategy includes diversifying profit streams through e-commerce, advertising, and membership, with a commitment to grow profit faster than sales [19][36] - The company plans to continue investing in automation, store growth, and technology, while managing costs associated with tariffs [34][85] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating cost pressures from tariffs and maintaining profitability despite challenges [21][36] - The company anticipates that the current economic environment will not alter its long-term financial framework [36][95] - Management highlighted the importance of managing inventory effectively in a dynamic environment, particularly in light of tariff impacts [104] Other Important Information - The company repurchased $4.6 billion in stock during the first quarter, equivalent to the total share repurchases for the previous year [35] - The company expects capital expenditures to be in the range of 3% to 3.5% of sales for the fiscal year [35] Q&A Session Summary Question: E-commerce profitability and future margins - Management noted that e-commerce achieved profitability for the first time, driven by network densification and reduced delivery costs [50][51] Question: Balancing investments and profit growth - Management emphasized the importance of growing profit faster than sales while remaining open to increasing investments as needed [66] Question: Consumer behavior across income levels - Management reported growth across all income cohorts, with a focus on value and convenience for customers [73][78] Question: Capital allocation and share buybacks - Management confirmed a commitment to share buybacks in response to price dislocations, while balancing investments and dividends [85] Question: Impact of tariffs on marketplace sellers - Management indicated that inventory is flowing well and that tools have been developed to assist sellers in managing their inventory effectively [107]

Core Insights - Walmart reported fiscal Q4 2025 earnings of $0.66 per share on revenue of $180.55 billion, slightly exceeding Wall Street's revenue expectations but falling short of the whisper earnings forecast of $0.68 per share [2][4] - Earnings increased by 10% compared to the same quarter last year, while sales rose by 4%, indicating resilience despite tariff concerns and recession fears [2][11] - Analysts had anticipated earnings of $0.65 per share on revenue of $179.42 billion, making the revenue growth a positive sign for the company [4] Forward Estimates - Walmart projects Q1 2025 earnings between $0.57 and $0.58 per share, with revenue expected between $166.35 billion and $167.97 billion [5] - For fiscal 2026, the company anticipates earnings of $2.50 to $2.60 per share on revenue ranging from $701.4 billion to $708.2 billion, reflecting confidence in its performance amid economic challenges [5] Company Profile - Walmart operates as a tech-enabled omnichannel retailer, focusing on helping customers save money and live better through various shopping channels [6] - The company has three segments: Walmart U.S., Walmart International, and Sam's Club, and offers a wide range of products including groceries, health and wellness items, and consumer electronics [6][7][8][9] - Walmart was founded in 1945 and is headquartered in Bentonville, Arkansas, having changed its name from Wal-Mart Stores, Inc. in February 2018 [10]