Trending: Walmart Outshines Competition in 1Q Earnings Report
May 18 2023 - 10:35AM
Dow Jones News
10:05 ET -- Walmart is one of the most mentioned companies in
the U.S. across all news items in the last 12 hours, according to
Factiva data. The retail giant said Thursday that its revenue rose
7.6% to $152.3 billion in the first quarter from the year-earlier
period, beating analyst expectations. Walmart also boosted its
outlook on sales and profits for the full year in 2024, helped by
the stronger-than-expected quarterly results. Other retailers, such
as Target and Home Depot, earlier this week logged gloomier
performances for the quarter. Dow Jones & Co. owns Factiva.
(susan.solan@wsj.com)
(END) Dow Jones Newswires
May 18, 2023 10:20 ET (14:20 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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