Walmart Inc. reported its first-quarter results, highlighting a 2.5% increase in revenue to $165.6 billion, or 4.0% in constant currency terms. The company achieved a 4.3% growth in operating income, with an adjusted increase of 3.0% in constant currency. Global eCommerce sales experienced a significant 22% rise, driven by store-fulfilled pickup, delivery, and marketplace services. Walmart's global advertising business also saw substantial growth, increasing by 50%. In the U.S., comparable sales rose by 4.5%, with strong performance in health & wellness and grocery sectors. The company announced a GAAP EPS of $0.56 and an adjusted EPS of $0.61, although the latter excludes a net loss of $0.05 on equity and other investments. Walmart raised $4 billion in long-term debt for general corporate purposes at favorable rates. Looking forward, Walmart provided guidance for the second quarter of fiscal 2026, based on net sales of $167.8 billion in Q2 FY25, with expected net sales growth of 3.5% to 4.5% in constant currency. The company's outlook for fiscal year 2026 remains unchanged from prior guidance.
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