Walmart Wins
On Tuesday, the world’s largest company by revenue announced its holiday-quarter earnings that surprisingly beat expectations. Walmart, which generates over $600 billion in annual revenue, posted its latest earnings report that can offer some insight into the holiday consumer. For the three-month period ending January 31st, Walmart posted revenues of $173.39 billion and earnings per share of $1.80; these figures beat estimates by over $2.5 billion in revenue and 15 cents per share. When compared to the same period last year, sales were able to increase by over 6%, but net income was lower by nearly $750 million.
Walmart stated that its successful earnings report was strongly due to the acceleration experienced throughout the firm’s growing e-commerce business. As a way to compete with the likes of Amazon, Walmart has continued to invest in its online platform and was able to increase its own sales by 23% year-over-year. With investments, cost cuts, and a push for profits this year, Walmart expects its net sales to climb between 3% and 4% with adjusted fiscal 2025 earnings near the $7 per share mark. Alongside its earnings report, Walmart announced its acquisition of TV maker Vizio for $2.3 billion as the firm sets out to expand its advertising model. In its acquisition and earnings aftermath, Walmart’s stock was able to rise 3.23%, adding to its hefty year-to-date gains of 10.40%. Nevertheless, the retailer’s holiday success comes as a big win following January’s far cooler-than-expected retail sales figures.
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