Walmart: Q1 EPS just beats expectations
(CercleFinance.com) - Walmart has reported Q1 adjusted EPS of 1.
18 dollar, three cents above the consensus, with its operating profit down 5.6% at 5.2 billion dollars.
Revenues increased 8.6% to 134.6 billion dollars, including a 10% increase in Walmart's US comparable sales (excluding fuel), driven by a 74% jump in online sales.
"Due to unprecedented variability in the macro environment brought on by COVID-19," the retail giant is withdrawing its financial guidance for fiscal year 2021.
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