Here's what Walmart reported compared with what analysts were expecting, based on Refinitiv data: * Earnings per share: $1.13, adjusted, vs. $1.02 expected * Revenue: $123.93 billion vs. $125.03 billion expected * U.S. same-store sales: growth of 3.4% vs. increase of 3.3% expected Walmart has been pouring money into new technology that helps it fulfill online orders faster, grow its massive grocery business, stock shelves with merchandise and even train its employees.
E-commerce sales grew 37%, boosted by its home and fashion businesses, Walmart said.
Net sales in the U.S. climbed 3.3%, while Sam's Club sales were up 1.5%, but international sales tumbled 4.9%, Walmart said.
Sales at Walmart stores in the U.S. open for at least 12 months were up 3.4%, the best growth of that metric during the first quarter in nine years, Walmart said.
Analysts were calling for same-store sales growth of 1.6% for Walmart's wholesale unit that rivals Costco.