Walmart (WMT) to Discontinue Jet.com
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Walmart (WMT) Tops Q1 EPS by 1c, U.S. Comps Rise 10%; Withdraws FY21 Guidance
May 19, 2020 7:00 AM EDTWalmart (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