Walmart Inc.

15/08/2024 | Press release | Distributed by Public on 15/08/2024 10:15

Walmart Releases Q2 FY25 Earnings

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Walmart Releases Q2 FY25 Earnings

Aug. 15, 2024

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We're
executing
on our strategy.

"Our team delivered another strong quarter. They work hard every day to help our customers and members save time and money. Each part of our business is growing - and our newer businesses are diversifying our profits and reinforcing the resilience of our business model."

Doug McMillon

President and CEO, Walmart

Total Revenue
$169.3B
4.8%
FY24 Q2$161.6 B
FY25 Q2$169.3 B
Earnings Per Share
$
0.56
(GAAP)
42.3%
$
0.67
(adjusted1)
9.8%
Operating Income
$
7.9B
(reported)
8.5%
$
7.9B
(adjusted2)
7.2%
Building
customer trust
Building customer trust
Winning with Omnichannel
21%

Global eCommerce sales

Strength in store-fulfilled pickup & delivery and marketplace

Diversifying
business mix
Diversifying business mix
Durable Profit Sources
26%

Global advertising 5

Driven by Walmart Connect in the U.S., which grew 30%

Driving
higher returns
Driving higher returns
Expanding Operating Profit
6.4%

Return on assets

Scaling growth investments

15.1%

Return on investment 6

Disciplined execution, growing margins

Investing in
our future
Investing in our future
Low-Cost Operators
2.0%

Global inventory

Disciplined management, strong in-stock levels through advanced technology

And, we are

driving
higher returns.

We're building omnichannel experiences that help customers live better by saving them time and money no matter how they choose to shop. We're investing in the future of retail, using technology to strengthen our operating discipline while responding to evolving customer needs with an even stronger business mix. These actions have resulted in higher returns - and build on a solid track record of value-creation.

Our financial results this quarter demonstrate what Walmart is capable of. I'm proud of how the team has been able to provide a value proposition for our customers and members that now extends beyond great prices into convenience, assortment and experience, while at the same time, transforming our business model for the future.

John David Rainey

Executive Vice President and Chief Financial Officer, Walmart

Walmart U.S.
Comp sales growth3
4.2%
(excluding fuel)
Net sales growth
FY24 Q2$110.9 B
FY25 Q2$115.3 B
Sam's Club
Comp sales growth3
5.2%
(excluding fuel)
Net sales growth
FY24 Q2$21.8 B
FY25 Q2$22.9 B
Walmart International
Net sales growth
8.3%
(constant currency4)
Net sales growth
FY24 Q2$27.6 B
FY25 Q2$29.6 B
In the U.S., Marketplace
sales grew 32%

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1 Adjusted EPS is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
2 Adjusted Operating Income is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
3 Comp sales for the 13-week period ended July 26, 2024 compared to the 13-week period ended July 28, 2023, and excludes fuel.
4 Constant Currency is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
5 Our global advertising business is recorded in either net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement.
6 Calculated for the trailing-twelve months ended July 31, 2024. ROI is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.

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