Walmart Beat Q1 Earnings Estimates, but It Wasn’t Enough
Walmart (WMT) sustained the growth momentum in its EPS and reported better-than-expected bottom-line results. Walmart’s first quarter adjusted EPS of $1.14 came in ahead of analyst expectations of $1.12 and saw YoY (year-over-year) growth of 14.0%. The graph below shows that Walmart exceeded analysts’ expectations in the past five quarters despite significant pressure on profitability from investments in growth initiatives.