BENTONVILLE, Ark. — Walmart Inc. (NYSE: WMT) announces second quarter results with strong growth in revenue and operating income. Globally, eCommerce penetration is higher across all segments. Walmart U.S. comp sales up 4.2%. Looking ahead, the Company issues guidance for Q3 and raises its outlook for FY25. For Q3, net sales are expected to grow 3.25% to 4.25% and operating income to grow 3.0% to 4.5% in constant currency (“cc”). For FY25, net sales are expected to grow 3.75% to 4.75% and adjusted operating income to grow 6.5% to 8.0% cc.

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.

The full earnings release is available online.

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/.