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Walmart reports strong holiday growth, but earnings outlook falls short of estimates
Walmart's 5.6% Q4 revenue rise was driven by 24% e-commerce and 37% advertising growth, but profit outlook is cautious amid economic uncertainty, CEO John Furner said.
- Today, Walmart reported sales rose 5.6% to $190.7 billion in its first quarterly report under new CEO John Furner this month, signaling a cautious outlook.
- Walmart's lower-price strategy drew wealthier households and a 24% rise in global e-commerce boosted revenue growth.
- Report details show adjusted EPS of 74 cents, a penny better than expectations, and comparable sales of 4.6% for the quarter ended Jan. 31.
- Markets reacted as shares dipped almost 3% before the opening bell following the company guiding current-quarter sales to increase 3.5%–4.5% and EPS to 63–65 cents, below FactSet analysts' expectation of 68 cents.
- Looking ahead, the company projects full-year sales of $706.4 billion and EPS of $2.64, while economists warn higher U.S. tariffs in coming months may pass costs to consumers.
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US retail giant Walmart generated $713.2 billion (€606.2 billion) in revenue last year, up 4.7 percent from the previous year. Net profit was up 12.6 percent to $21.9 billion (€18.6 billion), the retailer announced today.
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The New York Ledger
The New York LedgerWalmart customers seeking value drive sales higher
Walmart posted solid fourth-quarter results Thursday as shoppers continued prioritizing value and convenience, helping push online sales to a record share of the retailer’s business.The company reported fiscal fourth-quarter revenue of $190.7 billion, up 5.6% from a year earlier. U.S. comparable sales rose 4.6%, driven by a 2.6% increase in transactions and a 2% increase in the average amount shoppers spent per visit.Grocery prices were up just …
·United States
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Walmart earnings: Growth streak continues under new CEO John ...
·Washington, United States
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Coverage Details
Total News Sources51
Leaning Left11Leaning Right3Center26Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 28%
C 65%
Factuality
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