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published in Blogs
May 19, 2022
Walmart (WMT, $122.01) misses Q1 earnings expectations, despite revenue beat

Walmart (WMT, $122.01) misses Q1 earnings expectations, despite revenue beat

Walmart posted its Q1 earnings that missed analysts’ expectations. While its growth is strong, inflation proved to be a headwind to bottom line.  

The retail giant’s  Q1 earnings came in at $1.30, below the Street expectations of  $1.48.

Total revenue rose to $141.57 billion from $138.31 billion a year earlier, above analysts’ estimates of  $138.94 billion. Net sales in the quarter rose +2.3% (+2.6% in constant currency) from the year-ago quarter to $140.29 billion.

The company mentioned that unexpectedly high fuel costs and higher amounts of inventory and have dampened its profit margins.

 

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