Walmart reports strong revenue growth of 4.8% with operating income growing faster at 8.5%; adjusted operating income up 7.2%
15 August 2024 - 9:02PM
Business Wire
eCommerce up 21% globally
GAAP EPS of $0.56; Adjusted EPS of
$0.67
Company issues guidance for Q3; Raises
outlook for FY25
Walmart Inc. (NYSE: WMT):
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240814292937/en/
Second Quarter Highlights:
- Consolidated revenue of $169.3 billion, up 4.8%, or 5.0%
- Consolidated gross margin rate up 43 bps, led by Walmart U.S.
and Walmart International
- Consolidated operating income up $0.6 billion, or 8.5%;
adjusted operating income up 7.2%, due to higher gross margins and
growth in membership income; also benefited from reduced eCommerce
losses
- ROA at 6.4%, ROI at 15.1%, up 230 bps
- Global eCommerce sales grew 21%, led by store fulfilled pickup
& delivery and marketplace
- Global advertising business grew 26%, including 30% for Walmart
Connect in the U.S
- Adjusted EPS of $0.67 excludes the effect, net of tax, from a
net loss of $0.11 on equity and other investments
- Global inventory down 2.0%, including a decrease of 2.6% for
Walmart U.S.; in-stock levels healthy
- Bob Moritz, retired chair of PwC, to join Walmart Inc. Board of
Directors
The company will hold a live conference call with the Investment
Community at 7 a.m. CST Thursday, August 15, 2024, to discuss the
company’s second quarter earnings results for fiscal year 2025. The
event will be webcast live and is accessible by visiting
https://corporate.walmart.com/news/events and selecting the Second
Quarter Earnings Release event. The webcast will be archived and
available on the company website.
About Walmart
Walmart Inc. (NYSE: WMT) is a people-led, tech-powered
omnichannel retailer helping people save money and live better -
anytime and anywhere - in stores, online, and through their mobile
devices. Each week, approximately 255 million customers and members
visit approximately 10,500 stores and numerous eCommerce websites
in 19 countries. With fiscal year 2024 revenue of $648 billion,
Walmart employs approximately 2.1 million associates worldwide.
Walmart continues to be a leader in sustainability, corporate
philanthropy, and employment opportunity. Additional information
about Walmart can be found by visiting
https://corporate.walmart.com, on Facebook at
https://facebook.com/walmart, on Twitter at
https://twitter.com/walmart, and on LinkedIn at
https://www.linkedin.com/company/walmart/.
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version on businesswire.com: https://www.businesswire.com/news/home/20240814292937/en/
Investor Relations Contacts Steph Wissink Senior Vice
President, Investor Relations ir@walmart.com
Kary Brunner Sr. Director, Investor Relations
Media Relations Contact Molly Blakeman Group Director,
Global Communications 800-331-0085
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