Walmart Is Firing On All Cylinders And That Includes Its Newer Businesses That Go Beyond Groceries
Portfolio Pulse from Upwallstreet
Walmart Inc (NYSE:WMT) surpassed fiscal first quarter earnings and revenue expectations, driven by significant growth in e-commerce sales and newer businesses like advertising. Walmart's sales grew 6% YoY to $161.51 billion, with net income rising to $5.10 billion. E-commerce sales rose 22% YoY in the U.S., and global advertising grew 24%. Walmart expects to hit the high end or slightly top its previous full-year guidance.
May 17, 2024 | 12:49 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Walmart's strong Q1 performance, particularly in e-commerce, poses increased competition for Amazon. Walmart's e-commerce sales rose 22% YoY in the U.S., and its marketplace sellers increased significantly.
Walmart's impressive growth in e-commerce and advertising could pose a competitive threat to Amazon, potentially impacting Amazon's market share and stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Walmart surpassed fiscal Q1 earnings and revenue expectations, driven by strong e-commerce and advertising growth. Sales grew 6% YoY to $161.51 billion, with net income rising to $5.10 billion. E-commerce sales rose 22% YoY in the U.S., and global advertising grew 24%.
Walmart's strong performance in Q1, driven by e-commerce and advertising growth, is likely to positively impact its stock price in the short term. The company's ability to surpass earnings and revenue expectations indicates robust business health.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100