not vested
1Q FY25 revenue/earnings beat expectations; better outlook for the full yearRevenue expanded by 6% y/y to USD161.5bn in 1Q FY25, slightly above consensus
Adjusted EPS grew 2% y/y to USD0.60, exceeding market expectations by >10%, with better-than-expected comparable sales growth and gross margin expansion.
2Q FY25 guidance is largely in line with consensus, with potential for full-year guidance to be raised.
1Q FY25 results highlight. Walmart recorded 1Q FY25 revenue of US$161.5bn, up 6% y/y, slightly above consensus, driven by a 21% growth in global e-commerce sales and stronger-than-expected comparable sales growth of 3.9% (including the growth of 3.5%/4.4% for Walmart US/Sam’s Club US).
Gross margin expanded by 42bps to 25.3%, supported by the margin improvement across all segments (due to fewer price markdowns and healthier inventory levels) as well as the increased contributions from advertising and membership income.
This resulted in a 14% y/y growth in adjusted operating profit to USD7.1bn. Adjusted EPS grew 22% y/y to USD0.60, beating market expectations.
TP: US$71
Source: DBS
https://www.dbs.com/insightsdirect/comp ... ecid=19654
It's all about "how much you made when you were right" & "how little you lost when you were wrong"