Walmart reports strong Q1

Walmart posted Q1 earnings of $5.10 billion, or $0.63 per share, up from $1.67 billion ($0.21) a year earlier. Adjusted earnings of $0.60 per share exceeded analyst estimates of $0.53. Revenues increased by six percent to $161.51 billion, from $152.3 billion in Q1 of 2023, beating expectations of $159.6 billion. In Canada, sales grew by 3.9 percent to $5.3 billion.