Walmart Inc. (WMT) sent shockwaves through the market with its impressive performance in fiscal 2025 Q1, causing its shares to soar nearly 7% in pre-market trading. The retail giant reported revenue of $161.51 billion, surpassing analysts' expectations of $159.58 billion, and adjusted earnings per share of $0.60, beating estimates of $0.53. CEO Doug McMillion hailed it as a "great quarter," emphasizing the company's commitment to saving customers both money and time.
Total US same-store sales surged 3.9% year over year, driven by strong growth at Sam's Club, up 4.4%, and Walmart's namesake stores, which saw a 3.8% increase. The company's robust performance comes amid plans to cut hundreds of jobs and relocate employees to its Arkansas headquarters. With Walmart's shares up 13.9% this year, analysts anticipate further growth, citing its resilience in the face of macro pressures and its position as a top player in the evolving landscape of grocery shopping.
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