Alexander Farnsworth
In my last update on Walmart (NYSE:WMT) in late 2023, I noted that shares were a hold following its rise to an all-time high. Since the update, shares have gained about 13%, modestly behind the broader S&P’s (
Walmart Q1 Earnings: A Beat Paired With Share Gains Among Key Demographics
Summary
- Walmart is trading higher in the pre-market trading hours following results that topped expectations.
- The retail giant reported comparable sales growth of 3.8% and adjusted EPS of $0.60/share.
- WMT notably reported share gains among higher-income households.
- Included with the release were favorable updates to full-year guidance.
- Despite the positive results, I view WMT shares as fairly valued for the current market environment.
Providing timely and quick to the punch analysis of earnings and macro-related events across various sectors, with a focus on retail and real estate. I am a licensed CPA.
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