U.S. Movers: Alibaba, Birkenstock, Doximity, Walmart

Scott Peters
16 May, 2025
New York City

Walmart Inc. dropped 3.1% to $93.86 after the retailer reported a decline in earnings in the fiscal first quarter.

Revenue edged up 2.5% to $165.61 billion from $161.51 billion, net income decreased 12.1% to $4.49 billion from $5.10 billion, and diluted earnings per share fell 11.1% to 56 cents from 63 cents a year ago.

U.S. comparable sales were up 4.5% in the quarter, with strong growth in health and wellness and grocery segments, and global e-commerce sales grew 22% driven by a rising demand across all segments.

The company guided second-quarter sales to increase between 3.5% and 4.5% in constant currency and did not provide any indication of earnings and earnings per share because of constantly changing U.S. tariff rates.

During the first quarter, Walmart repurchased 50.4 million shares at an average price of $90.35 per share for a total of $4.6 billion, and $7.5 billion has remained under repurchase authorization.

Dividend payments amounted to $1.9 billion in the quarter, compared to $1.7 billion in the same period a year ago.

The company’s inventory stood at $57.5 billion, an increase of 3.8%, or $2.1 billion, from a year earlier.

Alibaba Group Holding Ltd. plunged 8.2% to $123.05 after the China-based e-commerce company reported March quarter and full-year results.

Revenue in the March quarter increased 7% to 236.45 billion yuan from 221.87 billion yuan, net income surged 279% to 12.38 billion yuan from 3.27 billion yuan, and diluted earnings per share rose 296% to 65 yuan cents from 16 yuan cents a year ago.

The company repurchased 51 million ordinary shares, equivalent to 6 million ADSs, for a total of $0.6 billion during the quarter, and for the fiscal year, the retailer repurchased 1.197 billion ordinary shares, equivalent to 150 million ADSs, for a total of $11.9 billion.

In addition, the company approved a two-part dividend in the total amount of 25 cents per ordinary share, or $2.00 per ADS.

For the full year, revenue edged up to 996.35 billion yuan from 941.17 billion yuan, net income jumped to 130.11 billion yuan from 80.01 billion yuan, and diluted earnings per share rose to 6.70 yuan from 3.91 yuan a year ago.

Birkenstock Holding plc soared 7.05% to $58.33 after the German shoe and sandals manufacturer reported second-quarter 2025 results.

Revenue surged to €574.33 million from €481.24 million, net profit climbed to €105.11 million from €71.65 million, and diluted earnings per share rose to 56 cents from 38 cents a year ago.

The double-digit sales growth was driven by strength in all segments, including the Americas, EMEA, and APAC.

Birkenstock invested approximately €21 million in capital expenditures in the second quarter, primarily to expand production capacity to meet rising consumer demand.

The company guided full-year revenue growth to be at the high end of the 15% to 17% range in constant currency, compared to €1.8 billion in 2024, and adjusted EBITDA to range between €660 million and €670 million, compared to €555 million a year earlier.

Doximity Inc. slumped 20.7% to $46.36 after the networking site healthcare professionals' outlook fell short of market expectations.  

Revenue jumped to $138.29 million from $118.06 million, net income climbed to $62.46 million from $40.62 million, and diluted earnings per share rose to 31 cents from 20 cents a year ago.

The company guided first-quarter revenue to be between $139 million and $140 million, compared to $126.7 million a year earlier, and adjusted EBITDA between $71 million and $72 million, compared to $65.9 million in the same period of fiscal 2025.

For the full year, Doximity estimated revenue to be between $619 million and $631 million, compared to $570.4 million in 2025, and adjusted EBITDA between $333 million and $345 million, compared to $313.8 million a year ago.