Walmart’s stock rose 7 percent, closing at a record $64, as investors reacted to the results and the company’s upgraded forecast for growth this year. No login or account required.
By the numbers, walmart’s q1 results exceeded expectations with a 5.7% increase in sales and a 12.9% rise in adjusted operating profit, driven by unit growth and transaction counts across all. Q1 fy24 gaap eps of $0.62;
The Discounter Beat Estimates On Earnings And Nudged Up Its Outlook For The Year And Is Focusing More On Fahsion.
Read the full transcript for walmart's q1 2024 earnings call at marketbeat.
The Walmart Q1 2024 Earnings Are In:
It ended the quarter with cash and equivalents of $9.40 billion.
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Cdt On Thursday, May 16, 2024, To Discuss The Company’s First Quarter Earnings Results For Fiscal Year 2025.
Walmart's q1 operating income rose 9.6%, while its adjusted operating income was up 13.7%.
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For q1 specifically, walmart expected sales to grow between 4% and 5%, and operating income to rise by 3% to 4.5%, with the leap year contributing approximately 1% to sales growth.