Business Wire

Walmart reports strong revenue growth of 5.5% with operating income growing faster at 8.2%

Business Wire
2 min read

In This Article:

Walmart reports strong revenue growth of 5.5% with operating income growing faster at 8.2%
Walmart reports strong revenue growth of 5.5% with operating income growing faster at 8.2%

eCommerce up 27% globally

GAAP EPS of $0.57; Adjusted EPS of $0.58

Company raises guidance for FY25

BENTONVILLE, Ark., November 19, 2024--(BUSINESS WIRE)--Walmart Inc. (NYSE: WMT):

Third Quarter Highlights:

  • Consolidated revenue of $169.6 billion, up 5.5%, or 6.2% (cc)

  • Consolidated gross margin rate up 21 bps, led by Walmart U.S.

  • Consolidated operating income up $0.5 billion, or 8.2%; up 9.8% (cc) due to higher gross margins and growth in membership income; also benefited from reduced losses in eCommerce

  • ROA at 7.8%, ROI at 15.1%, up 100 bps

  • Global eCommerce sales grew 27%, led by store fulfilled pickup & delivery and marketplace

  • Global advertising business grew 28%, including 26% for Walmart Connect in the U.S

  • Adjusted EPS of $0.58 excludes the effect, net of tax, from a net loss of $0.01 on equity and other investments

  • Global inventory down 1.0%, including a decrease of 0.6% for Walmart U.S.; in-stock levels healthy

The company will hold a live conference call with the Investment Community at 7 a.m. CST Tuesday, November 19th, 2024, to discuss the company’s third 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 Third 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/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241118919925/en/

Contacts

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

and

Recommended Stories