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Walmart warns of higher prices in Q1 earnings call, sticks to full year guidance
The company issued second-quarter guidance with net sales expected to increase 3.5 percent to 4.5 percent, but maintained its full-year guidance of net sales to increase between 3 percent and 4 percent from last year, and for adjusted earnings per share to range from $2.50 to $2.60.
Walmart profit surpasses expectations, hitting $4.49 billion in Q1
The world's largest retailer posted revenue of $165.61 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $165.59 billion. Walmart expects full-year earnings in the range of $2.50 to $2.60 per share.
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Walmart ( WMT) posted a mixed quarterly print on Wednesday morning.
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