- As inflation persists, shoppers continue to shop at Walmart (NYSE:WMT), if its latest financial results are any indication
- In its Q1 2025 results, North America’s biggest retailer reported revenue of US$161.51 billion, higher than the US$159.58 billion that analysts expected
- Globally, e-commerce sales grew 21 per cent and penetration was higher across all markets led by store-fulfilled pickup and delivery and marketplace
- Walmart Inc. opened trading at US$63.62 per share
As inflation persists, shoppers continue to shop at Walmart (NYSE:WMT), if its latest financial results are any indication.
In its Q1 2025 results, North America’s biggest retailer reported revenue of US$161.51 billion, above analyst expectations of US$159.58 billion. Adjusted earnings per share was also higher at $0.60, compared with estimates of $0.53. Consolidated revenue for Q1 2023 was reported at US$152.3 billion.
Globally, e-commerce sales grew 21 per cent and penetration was higher across all markets led by store-fulfilled pickup and delivery and marketplace.
However, Walmart also admitted that global inventory was down 2.7 per cent, including a decrease of 4.2 per cent for Walmart U.S., but in-stock levels were said to be healthy.
Looking ahead, the company issues guidance for Q2 2025 and expects net sales to increase 3.5 per cent to 4.5 per cent and operating income to grow 3.0 per cent to 4.5 per cent, in constant currency. The company now expects to be at the high-end or slightly above its previous guidance for net sales growth of 3.0 per cent to 4.0 cent and operating income growth of 4.0 per cent to 6.0 per cent for fiscal year 2025.
Walmart Canada has more than 400 stores and distribution centres, employing more than 100,000 people in Canada.
Walmart Inc. (NYSE:WMT) stock opened more than 6 per cent higher in early trading at US$63.62 per share.
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