Shares of Walmart (NYSE:WMT) rose 4.4% in pre-market trading after the company reported Q1 results.
Earnings per share were up 4.42% over the past year to $1.18, which beat the estimate of $1.17.
Revenue of $134,622,000,000 higher by 8.63% year over year, which beat the estimate of $130,310,000,000.
Walmart hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: May 19, 2020
Time: 08:00 AM
52-week high: $133.38
Company's 52-week low was at $99.91
Price action over last quarter: Up 13.36%
America's largest retailer by sales, Walmart operates over 11,500 stores under 56 banners, selling a variety of general merchandise and grocery items. Its home market accounted for 77% of sales in fiscal 2020, with Mexico and Central America (6%), the United Kingdom (6%), and Canada (4%) its largest external markets. In the United States, around 56% of sales come from grocery, 34% from general merchandise, and 10% from health and wellness items. The company operates several e-commerce properties apart from its eponymous site, including Flipkart, Jet.com, and shoes.com (it also owns a roughly 10% stake in Chinese online retailer JD.com). Combined, e-commerce accounted for about 7% of fiscal 2020 sales.