5/18, 1:02 PM (Source: TeleTrader)
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Walmart posts $138.1B in Q1 revenue, up 3% YoY

Walmart Inc. announced on Tuesday its revenue in the first fiscal quarter reached $138.1 billion, a 3% increase compared to the same three-month period last year. Costs and expenses rose 2% to $131.4 billion. Operating income was up 32% at $6.9 billion, while net income dropped 32% to $2.7 billion. Earnings per diluted share were $0.97.

Per segment, the United States business net sales advanced 5% to $93.2 billion, while operating income climbed 27% to $5.5 billion. The international unit reported an 8% decline in sales at $27.3 billion, while income jumped 48% to $1.2 billion. For Sam's Club, the figures were $16.7 billion and $0.6 billion, up 10% and 16% respectively.

"Stimulus in the US had an impact, and the second half has more uncertainty than a typical year. We anticipate continued pent-up demand throughout 2021," President and CEO Doug McMillon said.

Breaking the News / MD