Walmart reports $177.75B in Q1 revenue, exceeding expectations as e-commerce and advertising sales surge.
Walmart posted first-quarter revenue of $177.75 billion, beating estimates by $2.91 billion and rising 7.3% year-over-year. Non-GAAP earnings per share matched forecasts at $0.66.
The company highlighted 26% growth in global e-commerce sales, driven by store-fulfilled pickup and delivery, alongside a 37% increase in its advertising business. Walmart U.S. advertising alone climbed 36%, reflecting strength across segments.
Shares showed limited movement in pre-market trading as investors digested the mixed results, with earnings in line but revenue surpassing projections.