Morning News Leader: Walmart (WMT) Jumps on Mixed Q1 Report
Walmart Inc. (WMT) is up 3.4% Thursday following the company’s mixed first-quarter report. Walmart posted earnings of $1.13 per share versus the consensus $1.02 while revenue of $123.925 billion fell slightly short of the $124.51 forecast. Same store sales in the U.S. rose 3.4% and online sales jumped 37%.
Walmart Inc. (WMT) is a retailer.
KEMET Corporation (KEM) and NICE Ltd. (NICE) top the list of other companies with positive news today, while Dillard’s, Inc. (DDS) and Lumentum Holdings Inc. (LITE) top the list of companies with negative news.
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About Walmart Inc.
America's largest retailer by sales, Walmart operates over 11,300 stores under 58 banners, selling a variety of general merchandise and grocery items. Its home market accounted for 76% of sales in fiscal 2019, with Mexico and Central America (6%), the United Kingdom (6%), and Canada (4%) its largest external markets. In the United States, around 56% of sales come from grocery, 33% from general merchandise, and 11% from health and wellness items. The company operates several e-commerce properties apart from its eponymous site, including Flipkart, Jet.com, and shoes.com (it also owns a roughly 10% stake in Chinese online retailer JD.com). Combined, e-commerce accounted for about 5% of fiscal 2019 sales.