“Our Q1 results and the midpoint of our 2Q guidance suggest that we should be at the high-end or even slightly above our sales and operating income guidance for the year.”

In context

“sonal events. Our focus on providing customers with value and convenience is resonating, and we're gaining share. That said, we're one quarter into a year that still has some degree of uncertainty and we don't want to get ahead of ourselves. We currently expect Q2 sales to increase between 3.5% and 4.5% and for operating income growth in line with that at roughly 3% to 4.5%. EPS is expected to be between $0.62 and $0.65 per share. In Q2, we expect operating income growth to be impacted by timing of tech and wage investments. Combining Q1 results with the midpoint of our Q2 guidance would suggest first-half sales would grow nearly 5% and operating income would grow about 8%. We feel really good about our start to the year, and our outlook for the second-half is consistent with 90-days ago. Our Q1 results and the midpoint of our 2Q guidance suggest that we should be at the high-end or even slightly above our sales and operating income guidance for the year. We'll revisit our full-year guidance as we exit Q2. This is more aligned with our historic cadence of updates and consistent with the philosophy we have as a management team to recognize early momentum, but to also maintain prudence early in the year given the macro uncertainty and so much of the year is still ahead of us. In closing, I'm extremely pleased with our results this quarter. They demonstrate what our team is capable of when we're laser focused on the member and customer, disciplined on cost, and leveraging the technology investments we've made. Profits are growing, customer NPS scores are increasing, and we're running a great operation. We like our position, we like who we are, and we like where we're going. We appreciate your interest in Walmart, and are now ready to take you”