Walmart earned 6.24 billion 17.3% more in the first fiscal quarter

New York (EFE) – American retail chain Walmart achieved operating income in the first fiscal quarter of 2024 of 6,240 million dollars (5,780 million euros), and 17.3% more than in the same period last year.

In a report released this Thursday that includes economic results From February to April this year, Walmart reported total revenue of $152.301 million, up 7.6% year-over-year.

Earnings per share in this period amounted to USD 0.62, 16.2% less than between February and April last year.

Likewise, the company announced that its own billing forecasts consolidated net profit for the full fiscal year will increase by approximately 3.5%.

We had a strong quarter. Combined sales were strong worldwide, with e-commerce up more than 26%. We have reduced costs, increased margins and profits have grown above sales,” he said Walmart CEO and President Doug McMillon.

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Walmart analyzes its results

In a statement to CNBC, the company’s chief financial officer, John David Rainey, said consumers are buying less packaged products, buying fewer non-essentials and waiting for promotions before buying expensive products, such as televisions.

“See you in these economic indicators there is some pressure on the consumer, but the resilience has surprised us,” Rainey said.

After the results were released, Walmart shares rose 1.75% in premarket electronic trading on Wall Street. Since the beginning of the year, its shares have risen in price by 5.46 percent.

Photo: EFE/Jesús Rosales

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