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Walmart's stock outlook was updated by analysts before earnings, with Palo Alto Networks also seeing a price target adjustment. Wall Street expects positive momentum in Walmart's Q1 earnings as the company forecasts sales and earnings to be at high end or slightly above target. Walmart's shares surged to a record high after beating earnings and boosting outlook, with the company lifting its fiscal 2025 sales and profit forecast. The retailer's strong performance was driven by share gains from high-income households and a jump in e-commerce sales, leading to a rally in shares.
$WMT: "Overall inflation level for the business was up about 40bps for the quarter. That's half the rate of increase that we saw last year. So we're driving this revenue growth through more units, more foot traffic in stores and feel really good about that in a the end of stores…
Walmart issues rosy outlook as bargain-hunting shoppers continue to spend https://t.co/OWqCUyF6lA
$WMT US CEO: Spending is consistent; high-end consumer growth remains strong. "In terms of the consumer, 'consistent' is the best word we would use to describe spending across income groups. We've had more growth,...among high-end consumers. That remains true"