Citi Positive on Walmart (WMT)
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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 EDTBENTONVILLE, 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