American retail giant Walmart reported revenue of $173.39 billion, which exceeded expectations, and also raised its dividend for the 51st year in a row, this time by 9%, which is the largest increase in the last 10 years. Reuters writes about this.
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- Earnings per share amounted to $1.80 (expected $1.65) Revenue: $173.39 billion (est. $170.66 billion)
In addition, Walmart projected annual sales in 2025 above Wall Street estimates and announced that it would acquire smart TV maker Vizio for $2.3 billion.
Walmart's comparable sales excluding fuel in the fourth quarter ended Jan. 31 increased 3.9%, compared with LSEG's forecast for growth of 2.91%.
Walmart expects fiscal 2025 consolidated net sales to increase in the range of 3% to 4%.
