"Walmart posted adjusted earnings per share of $0.62, topping the $0.60 consensus by 3.3%. Revenue came in at $179.5 billion, ahead of the $175.2 billion estimate. That's a 5.8% jump from the prior year. Net income surged 33% to $6.09 billion. CEO Doug McMillon noted the company is "working hard to save our customers' and members' time and money, while simultaneously transforming our business for the future.""
"Walmart U.S. led with net sales of $120.7 billion, up 5.1%. Comparable sales rose 4.5%. The segment continues gaining market share in both grocery and general merchandise. McMillon pointed out that "households earning more than $100,000 made up 75% of our share gains." That's a significant shift in customer mix. International delivered the strongest growth at 10.8%, with net sales hitting $33.5 billion."
Walmart reported adjusted EPS of $0.62, beating consensus, and revenue of $179.5 billion, a 5.8% year-over-year increase. Net income rose 33% to $6.09 billion. Global ecommerce grew 27%, advertising revenue climbed 28%, and membership income increased 22%. Walmart U.S. net sales reached $120.7 billion with comparable sales up 4.5% and share gains concentrated among higher-income households. International sales rose 10.8% to $33.5 billion. Sam's Club net sales increased 3.1%. Store-fulfilled delivery expanded nearly 50% and surpassed a $2.5 billion monthly run rate. Marketplace scaled 42% with SKU count approaching 700 million.
Read at 24/7 Wall St.
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