Walmart’s (NYSE:WMT) first-quarter adjusted earnings surpassed expectations, leading the company to raise its full-year sales and profit forecast. The adjusted

Walmart Stock Surges 7% on Q1 Beat & Raised Outlook

- (Last modified: May 17, 2024 2:25 AM)

blog post cover photo

Image credit: FMP

Walmart’s (NYSE:WMT) first-quarter adjusted earnings surpassed expectations, leading the company to raise its full-year sales and profit forecast. The adjusted earnings per share were $0.60, exceeding the consensus estimate of $0.53, bolstered by stronger-than-expected comparable sales growth in the U.S., excluding gasoline. The positive outlook from Walmart resulted in a 7% increase in its share price intra-day today.

For Q1, Walmart's U.S. comparable sales, excluding fuel, rose by 3.9%, with the number of transactions increasing while the average bill remained flat. Analysts had predicted a 3.15% rise in these sales.

U.S. online sales grew by 22%, surpassing the 17% growth seen during the holiday season. This growth was driven by pickup and delivery services and increased sales in categories such as men's, women's, and kids' apparel through Walmart's third-party marketplace, which now features over 420 million items, primarily discretionary products. Walmart attributed much of the online sales growth to households earning over $100,000 annually.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title


Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
2017-2024 © Financial Modeling Prep