Walmart Exceeds Q1 Sales Expectations Amid E-commerce Growth and Cost Pressures
Walmart reported first-quarter sales growth of nearly 6% in constant currency, driven by strong e-commerce performance, marketplace gains, and advertising revenue. However, higher fuel costs added $175 million in expenses, limiting profit margins. The company maintained its full-year outlook for sales growth between 3.5% to 4.5%.
Topics: e-commerce operating_income retail sales_growth