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Walmart market cap tops $500B post Q1 results

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Walmart News

Julie Hyman,Household Budgets,Earnings Results

Shares of Walmart (WMT) are trading higher Thursday, boosted by the company's first quarter earnings beat, which signaled consumer resilience on spending...

signaled consumer resilience on spending despite the strain on household budgets.Wal Mart shares rising after the retailers first quarter results impressed Wall Street the move higher, pushing the company's market value over $500 billion for the first time.And Walmart CFO John David rainy appearing on the morning brief earlier today, he spoke about the quarter and what it signals about the consumer.

Yeah, it was interesting too, Julie, I thought the focus on kind of these newer um higher margin revenue streams is really interesting to me. And of course, if you're a Walmart investor, you know, that kind of growth and higher margin services you love to see and, and you're betting on that becoming just an increasingly bigger part of the overall pie.The company um shipped 4.4 billion units for same day or next day delivery for walmart.com.

 

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