Walmart (WMT) to Discontinue Jet.com

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Go back to Walmart (WMT) to Discontinue Jet.com

Walmart (WMT) Tops Q1 EPS by 1c, U.S. Comps Rise 10%; Withdraws FY21 Guidance

May 19, 2020 7:00 AM EDT

Walmart (NYSE: WMT) reported Q1 EPS of $1.18, $0.01 better than the analyst estimate of $1.17. Revenue for the quarter came in at $134.6 billion versus the consensus estimate of $130.31 billion.

Walmart U.S. comp sales1 increased 10.0%, led by strength in food, consumables, health & wellness and some general merchandise categories.

First-quarter highlights

The companys net sales and operating results were significantly affected by the outbreak of COVID-19. Unprecedented demand for products across multiple categories led to strong top-line results. Certain incremental costs negatively affected operating income, including costs associated with enhanced wages and... More