For its fiscal 2025 Q1, America's biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared to estimates of $0.53.
Total US same-store sales increased 3.9% year over year, led by growth from Sam's Club, up 4.4%, as Americans sought out deals on grocery items.Its namesake stores saw same store sales grow 3.8%, boosted by customers going more frequently, though ticket size was flat. The company alluded that it was gaining market share among upper income households.These results come as the company plans to cut hundreds of jobs and asked employees to relocate to its headquarters in Bentonville, Ark.
Source: News Formal (newsformal.com)
Sam's Club Grocery Items Market Share Store Sales
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