Walmart posted net income of $2.05 billion in its first fiscal quarter (ending April 30), 24.8% lower than the $2.73 billion gain in the same period a year earlier, second balance sheet published this Tuesday (17).
In the same comparison, the US retail giant’s earnings per share dropped from $0.97 to $0.74.
Adjusted, earnings per share were $1.30, well below the forecast of analysts polled by FactSet of $1.48.
Walmart’s revenue grew 2.4% year-on-year in the quarter to $141.6 billion, beating FactSet’s consensus of $138.8 billion.
For fiscal 2023, Walmart lowered its forecast for earnings per share from an increase of around 5% to a decline of about 1%.
At 8:25 am (GMT), Walmart’s share had fallen 7.2% in pre-market businesses in New York.
Source: CNN Brasil