Walmart Earnings Beat Expectations Despite Consumer Pullback

    Author Kristen MoranPosted on Format VideoCategories Investing VideosTags , , , , , , , , , , , , , , ,

    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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    Author Kristen Moran
    About the author: A resourceful, enthusiastic, and organized content manager with over seven years of experience writing news (articles, stock updates and analysis, editorials, research reports), marketing content (landing pages, press releases, mailers, investor decks, creatives), website copy, interviewing, social media and SEO strategies, website design and copy editing.