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Walmart comp store sales and earnings beat expectations



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Walmart (WMT), the world's largest retailer, reported a profit hit in the first quarter, but lost revenue. "data-reactid =" 22 "> Walmart (WMT), the world's largest retailer, reported a profit hit in the first quarter, but lost revenue.

For the first quarter, Walmart delivered adjusted earnings per share of $ 1.13, surpassing Wall Street analysts' expectations of $ 1.02.

Revenues for the quarter amounted to $ 123.9 billion, compared to estimates of $ 124.94 billion.

The number of sales of the magazine, very often, reached 3.4%, marking the best first quarter in 9 years, the retailer noted.

"We are changing to allow more innovation, speed and productivity, and we are seeing it in our results," CEO Doug McMillon said in a statement. "We are especially pleased with the combination of comparable store sales growth and e-commerce in the US Our team is demonstrating the ability to serve customers today while building new capabilities for the future, and I want to thank them for a good start to the year. "

Walmart said its e-commerce sales in the US UU They grew 37% during the quarter, driven by strong growth in online grocery stores and their home and fashion categories at Walmart.com.

The grocery store has been a bright spot for Walmart's e-commerce strategy. The retailer expects to offer the collection of groceries at 3,100 of its stores and delivery of 1,600 of those places by the end of the year.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "With the intensification of the competition with the retail giant Amazon (AMZN), Walmart & nbsp;announced this week that it will launch the next day delivery without a membership fee for orders orF $ 35 and more. The offer will begin in Phoenix and Las Vegas before expanding to Southern California and gradually reaching 75% of the US population. UU said the retailer."data-reactid =" 29 "> As competition with retail giant Amazon (AMZN) intensifies, Walmart announced this week that it will launch the next day delivery without a membership fee for orders of $ 35 or more. Phoenix and Las Vegas before expanding to Southern California and gradually reaching 75% of the US population, said the retailer.

On the other hand, the retailer said that it is observing the situation of tariffs as commercial tensions between the United States and China increase.

"We are monitoring tariff discussions and we hope that an agreement can be reached," said CFO Brett Biggs in a statement. "Our goal is to always be the leader in low prices, and we will actively manage prices and margins as guaranteed by our customers and shareholders, and our merchant teams have focused on this for months and continue to execute the appropriate mitigation strategies."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Julia La Roche is a finance reporter at Yahoo Finance. Follow her in Twitter."data-reactid =" 33 ">Julia La Roche is a finance reporter at Yahoo Finance. Follow her in Twitter.


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