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