Walmart Releases Q1 FY24 Earnings

May 18, 2023

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Walmart Associate Gail in Beauty Isle

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  • Walmart revenue up 7.6%; operating income growing faster at 17.3%
  • eCommerce up 26% globally
  • Q1 FY24 GAAP EPS of $0.62; Adjusted EPS2 of $1.47
  • Guides Q2 and raises FY24 outlook


Q1 FY24 Earnings at a Glance

Total Revenue

Total revenue was $152.3 billion, up 7.6%, or 7.7% in constant currency2.

U.S. Comp Sales

Walmart U.S. Q1 comp sales1 grew 7.4%.

Walmart U.S. eCommerce

Walmart U.S. eCommerce growth was 27%, led by pickup & delivery.

Sam's Club Comp Sales

Strong comp sales of 7.0%, led by food and consumables. Membership income was up 6.3%.

Walmart International

Walmart International net sales were $26.8 billion (constant currency), up 12.9%.

Operating Income

Consolidated operating income was up $0.9 billion, up 17.3%.

Earnings Per Share

GAAP EPS of $0.62; Adjusted EPS2 of $1.47.

1 Comp sales for the 13-week period ended April 28, 2023 compared to the 13-week period ended April 29, 2022, and excludes fuel. See Supplemental Financial Information for additional information.
2 See additional information at the end of this release regarding non-GAAP financial measures.


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