Walmart gives disappointing Q2 guidance after Q1 results hit estimates
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Walmart reported Q1 earnings of $0.66 per share and revenues of $177.8 billion, meeting estimates. However, it provided disappointing guidance for Q2, expecting adjusted EPS between $0.72 and $0.74, below the $0.75 forecast. Sales growth is projected at 4.0% to 5.0%, lower than the anticipated 4.9%. For the fiscal year, Walmart expects adjusted EPS of $2.75 to $2.85, less than the $2.90 expected. Following the announcement, Walmart's stock fell 2%, though it remains up over 16% year-to-date.
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