Overview

• U.S. omnichannel retailer's Q1 revenue grew 7.3% yr/yr

• Adjusted EPS for Q1 met analyst expectations

• Company raised $4.25 bln in long-term debt for general corporate purposes

Outlook

• Walmart reiterated outlook for FY27

Result Drivers

• ECOMMERCE GROWTH - Global eCommerce sales rose 26%, driven by store-fulfilled pickup & delivery and marketplace

• ADVERTISING REVENUE - Global advertising business up 37%, with Walmart U.S. advertising up 36%

• MEMBERSHIP FEES - Membership fee revenue grew 17.4% globally

Company press release: ID:nBw7CF1WYa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue		$177.8 bln
Q1 Adjusted EPS	Meet	$0.66	$0.66 (27 Analysts)

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 40 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the food retail & distribution peer group is "buy"

• Wall Street's median 12-month price target for Walmart Inc is $139.50, about 6.6% above its May 20 closing price of $130.85

• The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 40 three months ago

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