Walmart stock pops after earnings beat, retailer surpasses $500 billion in market cap

Walmart's stock surged by 7% after reporting Q1 fiscal 2025 earnings that exceeded expectations, with revenue reaching $161.51 billion against the anticipated $159.58 billion. Adjusted earnings per share were also higher at $0.60 compared to estimates of $0.53. The retailer's market cap surpassed $500 billion, bolstered by a 3.9% increase in U.S. same-store sales and a 21% jump in global e-commerce sales.

CEO Doug McMillon highlighted the company's growth in transaction counts and unit sales, attributing the success to market share gains rather than inflation. The company is also focusing on omnichannel grocery shopping, a sector where it holds a significant advantage over competitors like Amazon. Amidst these positive developments, Walmart plans to streamline its workforce and has implemented a stock split, marking its 12th in 50 years.