That staple WMT stock getting a little beat up premarket.
06:59 [WMT] Reports Q1 $1.30 v $1.46e, Rev $141.6B v $138.3Be
- Guides Q2 EPS flat to up slightly y/y, Rev over +5%, US SSS (ex fuel) +4-5%
- Cuts FY23 (ex divestitures) adj EPS -1% y/y, Raises Rev +4% (cc) (prior adj EPS +5-6% y/y, Rev +3% (cc))
- Adjusts FY23 US SSS +3.5%, Cuts Adj Op -1% (prior SSS slightly above 3%, Adj Op ~+3%)
- Affirms FY23 Capex 2.5-3.0% of Rev (prior upper end of 2.5-3.0% of Rev)
- The company’s guidance assumes a generally stable consumer in the U.S., higher supply chain costs, continued pressure from inflation, and mix of products and formats globally.