TROY, OH - MAY 11: An employee restocks a shelf in the grocery section of a Wal-Mart Supercenter ... [+] May 11, 2005 in Troy, Ohio. Wal-Mart, America's largest retailer and the largest company in the world based on revenue, has evolved into a giant economic force for the U.S. economy. With growth, the company continues to weather criticism of low wages, anti-union policies as well as accusations that it has homogenized America's retail economy and driven traditional stores and shops out of business. (Photo ...

Walmart (NYSE:WMT) stock surged more than 7% today to a fresh all-time high on the back of a very strong fiscal Q1 earnings report. The market is eating up the results and investors appear to believe there are more good times ahead for the discount retailer.Walmart beat on both the top and bottom line, reporting an uptick in spending from more affluent consumers. Additionally, strong e-commerce growth has bolstered the thesis that Walmart is much more than a brick-and-mortar play. Its U.S. business saw 22% ...

Wealthy shoppers have flocked to Walmart in greater numbers, helping the nation’s largest retailer overcome inflation headwinds faced by rivals and fuel better-than-expected quarterly results, the company said Thursday.Walmart said total US comparable sales rose 3.8% in its first quarter ended April 30 — with the bulk of the gains coming from households with an income of $100,000 or more.“We are seeing customers trade into Walmart,” Chief Financial Officer John David Rainey told Bloomberg.“We’ve historicall ...

Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles.As fast food gets pricier, the nation's largest grocer sees a sales opportunity.On a call with CNBC on Thursday, Walmart Chief Financial Officer John David Rainey said some of the discounter's sales growth in the recent quarter came from customers who turned to its grocery aisles for cheaper meals than they can get at quick-service restaurants."It's roughly 4.3 times more expensive to eat out than it is to eat at home," h ...

Walmart reported better than expected Q1 earnings Thursday (May 16) but that’s not the most important story. The earnings announcement and subsequent analyst call showed a price-driven retailer making adjustments to its core business model in the interest of driving long-term revenue growth in the connected economy.“I probably ignore the external environment more than you do,” CEO Doug McMillon said in answer to an analyst question. “We are focused on what we’re doing and how we earn business with customers ...

For the quarter ended April 2024, Walmart (WMT) reported revenue of $161.51 billion, up 6.1% over the same period last year. EPS came in at $0.60, compared to $0.49 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $159.5 billion, representing a surprise of +1.26%. The company delivered an EPS surprise of +15.38%, with the consensus EPS estimate being $0.52.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

Walmart (WMT) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.38%. A quarter ago, it was expected that this world's largest retailer would post earnings of $0.55 per share when it actually produced earnings of $0.60, delivering a surprise of 9.09%.Over the last four quarters, the c ...

It’s a big morning for economic data. What remains to be seen is whether once it is all digested whether investors will retain the appetite to drive market indices further into all-time highs; the Dow, Nasdaq and S&P 500 all closed at record levels Wednesday. Currently, we’re up +20 points on the Dow, +2 points on the S&P and +8 for the Nasdaq, but these figures are all directly prior to the economic prints being released.Initial Jobless Claims were good again. A headline total of 222K is a tick above estim ...

While Walmart's earnings topped Wall Street expectations, CFO John David Rainey said that "many consumer pocketbooks are still stretched."  "We see the effect of that in our business specs as they're spending more of their paychecks on non-discretionary categories and less on general merchandise," Rainey told analysts on the first-quarter earnings call Thursday. Rainey said that particular merchandise mix is still a headwind to margins, but Walmart U.S. is in the midst of executing strategies aimed at impro ...

Thursday, May 16th, 2024It’s a big morning for economic data. What remains to be seen is whether once it is all digested whether investors will retain the appetite to drive market indices further into all-time highs; the Dow, Nasdaq and S&P 500 all closed at record levels Wednesday. Currently, we’re up +20 points on the Dow, +2 points on the S&P and +8 for the Nasdaq, but these figures are all directly prior to the economic prints being released.Initial Jobless Claims were good again. A headline total of 22 ...