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Walmart Earnings: Sales Surges Expected
19 May
Summary
- Quarterly earnings projected at $0.65 per share, up 6.6% year-over-year.
- Revenue forecast at $174.38 billion, a 5.3% increase from the prior year.
- Analysts anticipate significant growth in Walmart International sales.
Wall Street analysts anticipate Walmart will report quarterly earnings of $0.65 per share, reflecting a 6.6% year-over-year increase. Revenue forecasts suggest a total of $174.38 billion, a 5.3% rise compared to the previous year's quarter. This outlook follows a recent 0.2% upward revision in consensus EPS estimates over the past month.
Key segments are expected to show substantial growth. 'Revenues- Net Sales' are projected at $173.00 billion, with 'Net Sales- Walmart International' forecasted at $33.82 billion, an impressive 13.7% increase. Even 'Net Sales- Walmart U.S.' is expected to grow by 4% to $116.69 billion.
Analysts also project increases in 'Revenues- Membership and other income' to $1.75 billion. Store count and square footage are also expected to rise across different divisions, with 'Number of stores - International' reaching 5,765.
