The company’s revenue stood at $177.4 billion, up 4.8% or 5.6% in constant currency. However, the operating income decreased 8.2% or by $0.7 billion, affected by discrete legal & restructuring costs.
The selling pressure was also on account of weak sentiments on Wall Street as all three major indices Dow 30, S&P 500 and Nasdaq Composite were trading in the red. Dow was the worst loser, falling by 0.6% around 9:50 AM ET (7:20 India time).
Over 10 million shares of Walmart changed hands around this time.
Walmart’s Global eCommerce sales grew 25%, led by store-fulfilled pickup & delivery and marketplace, a company release said. Global advertising business grew 46%, including VIZIO while Walmart Connect in the U.S. was up 31%. Membership and other income was up 5.4%, including 15.3% growth in membership income globally. Gross margin rate increased by 4 bps, led by Walmart U.S.
Adjusted EPS of $0.68 excludes the effect, net of tax, of a net gain of $0.26 on equity and other investments, $0.05 from charges related to certain legal matters, and $0.01 from business restructuring charges. The ROA was reported at 8.3% and ROI at 15.1%.Walmart missed earnings expectations with adjusted earnings-per-share (EPS) at 68 cents, lower than anticipated, an AFP report said. US companies have been squeezed in recent months as tariffs raised the costs of importing certain foreign goods, although many mitigated the blow to consumers by bulking up on inventory before Trump introduced the new levies, the report added.Walmart Inc. is a tech-powered omnichannel retailer. It claims to have 10,750 stores with approximately 270 million customers and members visiting the store every week. It has eCommerce websites operating in 19 countries.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)