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Company Earnings Update

Walmart (NYSE: WMT) 1Q20 Results: Mixed Results, Year on Track Despite Tough Comparison and Currency Headwinds in Q2

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Coresight Research

Key Points

  • Walmart reported fiscal 1Q20 revenues of $123.93 billion, up 1.0% year over year and below the $125.28 billion consensus estimate. Adjusted EPS was $1.13, down 0.9% year over year and beating the $1.02 consensus estimate.
  • US comps increased 3.4%, in line with consensus, and US e-commerce sales grew 37%, driven by strength in online grocery, and the home and fashion categories.
  • Management believes the company is well positioned to achieve its full-year goals (adjusted EPS of $4.75–$4.85), though it expects headwinds from weather and currency in Q2.

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