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Walmart lifts full-year earnings and sales guidance
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investing.comInvesting.com — Walmart (NYSE:WMT) has improved its annual adjusted earnings per share (EPS) and net sales guidance after the world's largest retailer posted better-than-anticipated second quarter profit.
The company now sees full-year adjusted EPS at $6.36 to $6.46, up from its prior guidance of $6.10 to $6.20. The figure topped Bloomberg consensus estimates of $6.28 for the forecast.
Meanwhile, net sales are projected to grow by about 4% to 4.5% in its 2024 fiscal year, up from its prior outlook of approximately 3.5%.
Shares in Walmart jumped in premarket U.S. trading on Thursday.
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