Citi Positive on Walmart (WMT)

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Go back to Citi Positive on Walmart (WMT)

Walmart revenue growth of 7.6%; operating income growing faster at 17.3%; eCommerce up 26% globally; Q1 FY24 GAAP EPS of $0.62; Adjusted EPS of $1.47; Company guides Q2 and raises FY24 outlook

May 18, 2023 7:02 AM EDT

BENTONVILLE, Ark.--(BUSINESS WIRE)-- Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230517005840/en/

First-quarter highlights:

Consolidated revenue of $152.3 billion, up 7.6%, or 7.7% in constant currency Consolidated gross margin rate declines 18 basis points on mix of sales Consolidated operating expenses as a percentage of net sales... More