Retail behemoth Walmart (NYSE:WMT) has announced a better-than-expected set of first-quarter numbers with revenue rising 7.6% year-over-year to $152.3 billion. The figure was better than analysts’ expectations by $4.4 billion.
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Further, EPS at $1.47 too comfortably landed past estimates by $0.16. The company saw a 30% rise in worldwide advertising operations along with a 7.4% gain in U.S. comparable sales during this period.
Looking ahead, for the full-year 2024, Walmart expects its top line to rise by 3.5% with EPS landing between $6.1 and $6.2. For Q2, the company expects the top line to gain by 4% alongside an EPS between $1.63 and $1.68. Importantly, Walmart is also planning to set up its own electric vehicle charging network at its locations across the U.S.
Overall, the Street has a $165.64 consensus price target on Walmart alongside a Strong Buy consensus rating.
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