Walmart Worker-Shareholder Reacts to Q1 Earnings Report

Overview of Walmart’s first quarter sales report:

  •     WMT reports 1st quarter results below expectations
  •     EPS was $1.03 vs an expected $1.05; revenue was $114 billion vs an expected $116.2 billion
  •     Same store sales of 1.1% at WMT US and just 0.4% at Sam’s Club were below the 1.5% gain expected for both segments
  •     Promised investments in labor were disappointing, and amounted to less than analysts had expected for the quarter