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.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2022/05/Walmart-Q1-2023-Earnings-Infographic-627x1024.jpg)
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](https://cdn.news.alphastreet.com/wp-content/uploads/2022/02/Walmart-Q4-2022-Earnings-Infographic-627x1024.jpg)
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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