Walmart recently released its earnings for Q1 of the fiscal year 2023 which revealed much amidst a season of inflation and higher supply chain costs. 

• Factors: The influx in costs coupled with higher-than-expected inventory and a rise in wage costs sent Walmart’s Q1 net income to 74-cents per share, down a 56-cent adjustment from investments and divestitures losses. 
• Unusual environment: On May 17, the retailer’s stock saw the worst single-session performance since 1987, falling by over 11%. However, Q1 sales remained strong despite missing expectations. Walmart U.S. had $96.9 billion in sales, up 4% from a year ago.

For the full report and an updated outlook at Q2, click HERE.