Walmart stock pops after earnings beat, retailer surpasses $500 billion in market cap

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.

Global e-commerce sales leaped 21%, boosted by store pickup and delivery as well as its online marketplace. Its subscription business, Walmart+, also grew by double digits, as CEO McMillon said members engaged more frequently and spent more than other customers.Here's what Walmart reported in its fiscal year 2025 first quarter, compared to Wall Street estimates compiled by Bloomberg:For the full fiscal year 2025, the company expects net sales to grow on the higher end of 3% to 4% and for operating income to grow on the higher end of 4% to 6%.

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Walmart shares pop after earnings beat, surpasses $500 billion in market capThe retail giant posted strong numbers as Americans look to stretch their dollars.
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Walmart Tops $500 Billion in Market Value After Earnings ImpressWalmart Inc. shares surged on Thursday, pushing the retailer’s market value over $500 billion for the first time, after it posted stronger-than-expected first-quarter earnings and boosted its annual sales and profit forecasts.
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Banks Market $500 Million Bond to Fund CD&R’s Presidio PurchaseA group of banks including Citigroup Inc. and JPMorgan Chase & Co. kicked off a $500 million bond deal to support Clayton Dubilier & Rice’s planned purchase of a majority stake in tech-services company Presidio Inc., according to a person with knowledge of the matter.
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