Walmart (WMT) Tops Q1 EPS by 1c, U.S. Comps Increase 2.1%
Walmart (NYSE: WMT) reported Q1 EPS of $1.14, $0.01 better than the analyst estimate of $1.13. Revenue for the quarter came in at $122.7 billion versus the consensus estimate of $120.51 billion.
Walmart U.S. comp sales increased 2.1%, and comp traffic increased 0.8%.
Sam’s Club comp sales increased 3.8% led by comp traffic growth of 5.6%. Tobacco sales negatively impacted comp sales by approximately 140 basis points.
"We delivered a solid first quarter, and we're encouraged by the continued momentum across the business. We're transforming to better serve customers. We are changing from within to be faster and more digital, while shaping our portfolio of businesses for the future. Our strong cash flow and balance sheet provide flexibility to do so. I want to thank our associates and our leadership team for the choices they're making, their strong sense of urgency and the actions they're taking. Our people make the difference, and I'm proud to work with them," said Doug McMillon, President and CEO, Walmart
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