Walmart Raises FY24 Sales And Adjusted EPS Guidance; Raises Net Sales Guidance From 4.0%-4.5% To 5.0%-5.5% (CC), Adjusted EPS From $6.36-$6.46 To $6.40-$6.48
Portfolio Pulse from Benzinga Newsdesk
Walmart has increased its FY24 sales and adjusted EPS guidance. The company now expects net sales growth of 5.0%-5.5% in constant currency, up from the previous forecast of 4.0%-4.5%. Additionally, Walmart has raised its adjusted EPS guidance from $6.36-$6.46 to $6.40-$6.48.
November 16, 2023 | 12:13 pm
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Walmart has raised its FY24 sales and adjusted EPS guidance, indicating stronger than expected financial performance.
Raising guidance typically signals management's confidence in the company's future performance and can lead to increased investor confidence. This positive revision in sales and EPS guidance is likely to be viewed favorably by the market, potentially leading to a short-term increase in Walmart's stock price.
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