Walmart Beats Expectations with Strong Q1 Earnings, Driven by E-commerce Growth and Higher-Income Shoppers from calculation of income tax Watch Video

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✓ Published: 17-May-2024

Description:
Walmart reported fiscal first-quarter earnings for 2025 that beat analyst expectations. Walmart's e-commerce sales increased 22% year-over-year in the US, driven by strong online grocery pickup and delivery. Newer businesses like advertising and Walmart+ boosted profits significantly. The retail giant expects full-year revenue and earnings to come in at the high end or slightly above previous guidance. The company is seeing more higher-income shoppers, and e-commerce now surpasses store pickup in volume.