Before the market opened on Thursday, Walmart Inc. WMT, -0.05% stock rose to its highest level in two months. This came after the discount retail giant reported a “triple beat”: fiscal first-quarter profit, revenue, and same-store sales all beat expectations, with a big jump in ecommerce sales. This year’s net income for the quarter ending April 30 was $1.67 billion, or 21 cents per share. This year’s net income was $5.1 billion, or 63 cents per share. When one-time items are taken out, adjusted earnings per share of 60 cents were higher than the 53 cents that FactSet predicted. It made 6% more money, or $161.51 billion. The main reason for the 21% rise in global e-commerce sales was store-fulfilled pickup and delivery. Same-store sales, which are sales at stores that have been open for at least a year, went up 3.8% at Walmart U.S., which was higher than the 3.5% rise that FactSet predicted, and they went up 4.4% at Sam’s Club, which was also higher than the 3.5% rise that FactSet predicted. The company thinks that adjusted EPS for the second quarter will be between 62 cents and 65 cents, which is less than the 64 cents that the FactSet consensus predicted. The company also said that it thinks full-year EPS will be at the “high end or slightly above original guidance of $2.23 to $2.37.” The stock has gone up 13.9% so far this year as of Wednesday. The Consumer Staples Select Sector SPDR ETF XLP, +0.06% has gone up 7.3%, and the Dow Jones Industrial Average DJIA, +0.88% has gone up 5.9%.
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