May 18, 2023


Walmart ($611B in annual sales) reported its first quarter results this morning, seeing strength in food and consumables, its pickup powered eCommerce model, and within its retail media business. This strength gave the company confidence to raise guidance for the full year, now expecting sales growth of 3.5% compared to 2-2.5% previously.


The business is hitting on all omnichannel cylinders amidst a difficult macro environment where consumers are seeking out value and increasing the share of their wallet on food and consumables at the expense of general merchandise.


Read on for a summary of recent results and how to adapt to Walmart’s evolving model.

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