Walmart Beats Expectations with Strong Q1 Earnings, Driven by E-commerce Growth and Higher-Income Shoppers from strong amazon Watch Video
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⏲ Duration: 0:34 👁 View: 505K times ✓ 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.