Walmart Inc. (WMT) is scheduled to report its 2nd quarterly earnings for the FY2024 on 16 th May 2024 at 7 AM
Eastern Time. The estimated EPS is 0.52 and estimated revenue is 159.5B.

Walmart reported strong financial results for the quarter and fiscal year 2024, revenue at f $173.4 billion growth of 4.9% and adjusted EPS of $1.8 ,adjusted operating profit growth of 10.9% in constant currency. Highlights included increased transaction counts and unit volumes, gains in market share in the US and internationally, and improved in-stock levels with inventory down versus last year.

Walmart surpassed $100 billion in global e-commerce sales for the first time, with strong performance during the
holiday season across various markets. The company highlighted the growth of its marketplace, fulfillment services,
membership programs (such as Walmart Plus and Sam’s Club memberships), and advertising business.
Key managements comments from previous earnings call
The company emphasized its commitment to an omnichannel approach, focusing on strengthening both its physical
stores and e-commerce business. Investments in store remodels, supply chain automation, and new store openings
were highlighted, with plans to open around 230 stores and clubs globally next year.
Financial Guidance.
.First Quarter
Consolidated net sales (cc) Increase 4.0% to 5.0%, leap year estimated to benefit approximately 100bps
Consolidated operating income (cc) Increase 3.0% to 4.5%
Adjusted EPS $1.48 to $1.56 pre-split; $0.49 to $0.52 post-split
Fiscal Year 2025
Consolidated net sales (cc) Increase 3.0% to 4.0%
Consolidated operating income (cc) Increase 4.0% to 6.0%
Interest, net Increase approximately $100M to $200M
Effective tax rate Approximately 25.0% to 26.0%
Non-controlling interest Relatively flat
Adjusted EPS $6.70 to $7.12 pre-split; $2.23 to $2.37 post-split
Capital expenditures Approximately 3.0% to 3.5% of net sales

Technical:
WMT is trading in a bullish trend with higher highs and higher lows pattern. Currently WMT is at $59.6 with 0.40%
decrease in its price today. Recent higher low placed by WMT is at $50, while the resistance of WMT is at $60.8
and $61.7. 30-day EMA is at $59.9 and 50-day EMA is at 59.4. Currently 50-day EMA is acting as a support for
WMT, and 100-day EMA is at $58.15. RSI is at 46 while MACD is entering bearish territory.