Jim Cramer on Walmart Q1 results: ‘execution was embarrassing’


Jim Cramer on Walmart Q1 results: ‘execution was embarrassing’

Ad disclosure

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >


Wajeeh Khan

May 17, 2022

Walmart Inc reports lower-than-expected profit for its fiscal first quarter.

Jim Cramer expressed disappointment in Walmart on CNBC’s “Squawk Box”.

Shares of the U.S. big box retailer slid nearly 9.0% on Tuesday morning.

Walmart Inc (NYSE: WMT) shares are down nearly 9.0% on Tuesday after the retail giant reported lower-than-expected profit for its fiscal first quarter.

Walmart Q1 earnings snapshot

Net income came in at $2.054 billion that translates to 74 cents a share.In Q1 last year, net income stood at a higher $2.730 billion or 97 cents a share.On an adjusted basis, Walmart earned $1.30 in the recent financial quarter.Revenue jumped 3.0% to $141.569 billion, as per the earnings press release.FactSet consensus was for $1.48 of adjusted EPS on $138.803 billion in revenue.U.S. same-store sales were up 3.0% versus a 2.5% increase expected.

eCommerce and global advertising business saw a 1.0% and 30% growth, respectively, in the fiscal first quarter. The stock is down more than 15% from its year-to-date high in April.

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Future guidance and Jim Cramer’s remarks

For fiscal 2023, Walmart forecasts a 4.0% sales growth, a 3.5% increase in U.S. comparable sales (excluding fuel), and 1.0% decline in per-share earnings. The guidance doesn’t account for divestitures.

While sales estimates were better-than-expected, analysts had called for a 4.4% increase in the retailer’s EPS this year. Expressing his disappointment in Walmart on CNBC’s “Squawk Box”, Jim Cramer said:

This was a terrible quarter. Inventories bad. Sales bad. Execution terrible. It’s really a suboptimal situation. The execution is so poor it’s embarrassing. This should be a big soul-searching moment for Walmart.

He said other retailers like Costco were better navigating the inflationary pressures than Walmart.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,


68% of retail CFD accounts lose money

Visit site


North America


Stocks & Shares



Generated by Feedzy