Walmart Stock Surges on Q1 Earnings Beat, Strong Outlook

Walmart stock is higher after beating first-quarter earnings expectations and issuing a strong outlook. Here's what you need to know.

Walmart sign on carts in parking lot
(Image credit: Joe Buglewicz/Bloomberg via Getty Images)

Walmart (WMT) stock jumped more than 6% out of the gate Thursday after the retail giant beat top- and bottom-line expectations for its first quarter and issued strong guidance.

In the three months ended April 30, Walmart's revenue increased 6% year-over-year to $161.5 billion, driven by a 21% increase in global e-commerce sales. Its earnings per share (EPS) surged 22.4% to 60 cents. At Walmart U.S. and Sam's Club, same-store sales increased 3.8% and 4.4%, respectively, excluding fuel.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.