FMP
Aug 15, 2024 2:26 PM - Davit Kirakosyan
Image credit: FMP
Walmart (NYSE:WMT) delivered stronger-than-expected second-quarter earnings, pushing its shares up more than 7% intra-day today. The retail giant benefited from robust eCommerce growth and enhanced margins, signaling its solid performance in a competitive market.
The company reported adjusted earnings per share of $0.67, surpassing the Street estimate of $0.64. Revenue for the quarter reached $169.3 billion, beating the Street estimate of $168.52 billion and marking a 4.8% year-over-year increase.
Walmart's global eCommerce sales surged by 21%, driven by strong demand for store-fulfilled pickup and delivery services, as well as growth in its marketplace. The company also saw a 43 basis point improvement in its consolidated gross margin rate, largely due to gains in its U.S. and International segments.
Operating income for the quarter rose by $0.6 billion, or 8.5%, supported by higher gross margins, increased membership income, and reduced eCommerce losses.
Looking ahead, Walmart provided guidance for the third quarter, expecting earnings per share between $0.51 and $0.52, slightly below the analyst consensus of $0.54. However, the company raised its full-year fiscal 2025 outlook, projecting earnings per share in the range of $2.35 to $2.43, aligning with the current analyst estimate of $2.43 and an improvement from the previous guidance of $2.23 to $2.37.
Additionally, Walmart now anticipates consolidated net sales to grow by 3.75% to 4.75% for 2025, up from the earlier forecasted range of 3% to 4%.
In a sign of improved supply chain management, Walmart also reported a 2% reduction in global inventory, including a 2.6% decrease for Walmart U.S., indicating the company’s continued focus on operational efficiency.
Nov 22, 2024 5:08 AM - Parth Sanghvi
Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...
Dec 17, 2024 8:58 AM - Sanzhi Kobzhan
Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...
Dec 22, 2024 7:59 AM - Sanzhi Kobzhan
When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...