Stocks Analysis by MarketBeat.com (Thomas Hughes) covering: Walmart Inc. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
Walmart had a blowout quarter, outperforming on the top and bottom lines, with revenue growth accelerating sequentially.
All segments posted growth led by International with a 12.1% advance, 10.7% on an FXN basis. The US comps came in at 3.8%, driven 100% by transactions. Sam’s Club posted a solid 4.6% increase on a 4.4% gain in comps. Sam’s Club comps are also driven by transactions but offset by a slight decline in ticket averages. Sam’s Club also posted a solid 13% increase in membership income, indicating increased revenue and earnings leverage in upcoming quarters.
Guidance is among the factors driving the market. The company updated its guidance to the high end or above the previous range, above the consensus forecasts. Because the company has momentum and is gaining a share in today’s critical categories, including grocery, it may outperform its guidance and raise it despite general weakness in the retail sector.Walmart was FCF negative in Q1, but this is not a concern.
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