Walmart (WMT) Raises Full-Year Guidance as Online Sales Surge

May 26, 2023 : Walmart (WMT) delivered impressive results for the first quarter, prompting an upward revision in its full-year outlook. The retail giant reported a remarkable 26% surge in online sales, contributing to a 7.7% year-over-year increase in revenue, totaling $152.3 billion. This figure surpassed the analyst average by $4.4 billion, underscoring the success of Walmart’s substantial investments in bolstering its online presence.