Walmart’s stock surges following strong earnings report, market cap exceeds $500 billion

Walmart (WMT) continues to impress investors as its shares surged about 6% in early trading on Thursday following the release of its fiscal 2025 Q1 results. The retail giant reported revenue of $161.51 billion, surpassing expectations, and adjusted earnings per share of $0.60, higher than estimates.

CEO Doug McMillion described it as a “great quarter” and emphasized the company’s focus on saving customers both money and time. The strong performance was driven by a 3.9% increase in total US same-store sales, with Sam’s Club leading the way with a 4.4% growth in sales.

Walmart’s e-commerce sales also saw a significant jump of 21%, fueled by store pickup and delivery services. The company’s strategic investments in technology and store makeovers seem to be paying off, as evidenced by its continued growth in the competitive retail landscape.

Analysts are bullish on Walmart’s future prospects, with UBS and Deutsche Bank analysts expressing confidence in the company’s ability to attract both low- and high-end consumers. The introduction of a new private label brand, bettergoods, and the success of its ad business are further boosting Walmart’s top line.

Looking ahead, Walmart expects net sales to grow between 3% and 4% for the full fiscal year 2025, with operating income projected to increase by 4% to 6%. The company’s strong performance and strategic initiatives position it well for continued success in the retail market.