Walmart Inc. stock was on the rise in early morning trading after the retailer beat Wall Street estimates for first quarter results. While overall profits dropped 30 percent because of the impact of Walmart’s investment in JD.com, profits of $1.14 a share on revenue of $122.7 billion beat Wall Street’s estimate of $1.12 a share on $120.5 billion, an increase of 4.4 percent. This was enough for investors, who sent the shares up 1.94 percent to $86.13 in early morning trading. The retail giant recorded $1 in profit on revenue of $117.5 billion in the same period last year.
Walmart U.S. same-store sales increased 2.1 percent; comparable traffic rose 0.8 percent, while Sam’s Club’s comps increased 3.8 percent, and net sales at Walmart International of $30.3 billion gained 11.7 percent, with eight of the eleven markets posting positive comps, including the retailer’s four largest markets.
Thought bike shorts were going anywhere? Think again. The sporty trend was seen on the spring runways of Fendi, Area, Roberto Cavalli, and Stella McCartney to name some. Tap the link in bio to see what other major trends to expect this coming spring. #wwdfashion
Photographed by @Kukukuba
In a custom Dior dress fit for a supermodel, @karliekloss married her longtime love, @joshuakushner, in upstate New York yesterday evening. No word yet on honeymoon plans or, more interesting, the guest list. Kloss’ new sister-in-law, Ivanka Trump, did however share her congratulations when they couple became engaged in the summer. “So, so happy for you and Josh! I feel blessed to have you as a sister (!!!) Karlie and look forward to the happy memories we will create together as a family!” wrote Trump on Instagram. Tap the link in bio for everything we know so far. #wwdeye #rg
We are on the ground in Tokyo, a city known for its experimental style, shooting the best street style looks outside the shows. Tap the link in our bio for some serious trend inspiration from Tokyo Fashion Week. #wwdfashion
Photographed by @onilx