Walmart reports strong revenue growth of 4.8% with operating income growing faster at 8.5%; adjusted operating income up 7.2%
eCommerce up 21% globally
GAAP EPS of
Company issues guidance for Q3; Raises outlook for FY25
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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 theU.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 joinWalmart Inc. Board of Directors
The company will hold a live conference call with the Investment Community at
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20240814292937/en/
Investor Relations Contacts
Senior Vice President, Investor Relations
ir@walmart.com
Sr. Director, Investor Relations
Media Relations Contact
Group Director,
800-331-0085
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