Categories AlphaGraphs, Earnings, Retail

WMT Earnings: All you need to know about Walmart’s Q1 2023 earnings results

Walmart Inc. (NYSE: WMT) reported its first-quarter 2023 earnings results today.

Total revenue rose 2.4% year-over-year to $141.6 billion, beating market expectations. Revenue growth was 2.6% in constant currency.

Consolidated net income attributable to Walmart declined nearly 25% to $2 billion, or $0.74 per share. Adjusted EPS amounted to $1.30, missing estimates.

For the second quarter of 2023, consolidated net sales are expected to increase over 5% and EPS is expected to be flat to up slightly.

Shares of Walmart fell 7% during premarket hours on Tuesday following the report.

Prior performance

Walmart reports Q4 2022 earnings results

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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