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Walmart Earnings Beat Expectations Despite Consumer Pullback

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Walmart (NYSE:WMT) just reported a $1.77 adjusted EPS versus a $1.62 estimated on revenue of $152.9 billion versus $150.75 billion. That’s a double beat. Let’s go to the office and talk about it.

US same-store sales were up 8.8% on the quarter, and that’s with fuel included. And they did a little over a $105 billion of revenue in the quarter in the US.

And looking at comparable US sales, Walmart (NYSE:WMT) grew 6.5% on a one-year basis and about 11.7% on a two-year basis.

And as expected, eCommerce also grew about 12% in one year and about 18% over two years. And they’re doing pretty well internationally. They did $24.4 billion of revenue, up 5.7% year over year.

Walmart’s Sam’s Club Sales Climb 9.5%

And I’m not sure if you guys knew, but they also owned Sam’s Club, whose comparable sales grew 9.5%.

Looking at Walmart (NYSE:WMT) stock, it is up over 4% after reporting this earnings report and is clearly breaking out here on the charts.

Let’s see if this continues. Let me know your thoughts.

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