Company Earnings UpdateWalmart (NYSE: WMT) 1Q20 Results: Mixed Results, Year on Track Despite Tough Comparison and Currency Headwinds in Q2 Coresight Research May 17, 2019 Executive Summary Walmart reported fiscal 1Q20 revenues of $123.93 billion, up 1.0% year over year and below the $125.28 billion consensus estimate. Adjusted EPS was $1.13, down 0.9% year over year and beating the $1.02 consensus estimate. US comps increased 3.4%, in line with consensus, and US e-commerce sales grew 37%, driven by strength in online grocery, and the home and fashion categories. Management believes the company is well positioned to achieve its full-year goals (adjusted EPS of $4.75–$4.85), though it expects headwinds from weather and currency in Q2. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Five Ways AI Is Being Used in Apparel and Footwear Retailing—and What’s NextGlobal Luxury—Real Estate Insights: Brands Move from Tenants to Landlords, with Innovative, Experience-Rich FlagshipsUS Tariffs: Divergence Between Consumer and Business Sentiment and What It Means for Retail4Q24 Earnings Season Wrap-Up: Widespread Positive Sales Growth Recorded This Quarter
