For its fiscal 2025 Q1, America's biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared with estimates of $0.53.
Total US same-store sales increased 3.9% year over year, led by growth from Sam's Club, up 4.4%, as Americans sought out deals on grocery items.Its namesake stores saw same store sales grow 3.8%, boosted by customers going more frequently, though ticket size was flat. The company alluded that it was gaining market share among upper income households.These results come as the company plans to cut hundreds of jobs and asked employees to relocate to its headquarters in Bentonville, Ark.
"We expect Walmart US and Sam's Club US net sales growth to fall in line with the enterprise and for International growth to be above enterprise growth. We expect all three segments to contribute to operating income growth, led by Walmart US, Walmart International, and then Sam's US," Walmart CFO John David Rainey said on a call with investors following 2024 Q4 results.
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