Walmart's Q1 earnings rose

 

Walmart's Q1 earnings rose almost 8% YoY, beating expectations. The retailer expects its consolidated net sales to grow by 3.5% over the current fiscal year.  Walmart reported Q4 revenue of $152.3B, beating the $148.76B expected by analysts. Adjusted earnings per share stood at $1.47, surpassing expectations of $1.32. Net income fell to $1.67B from $2.05B a year earlier. Walmart CFO John Rainey said the company is relying on its inexpensive groceries and essential items to attract customers.