Walmart Releases Q2 FY25 Earnings
Aug. 15, 2024
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
4.8%
42.3%
9.8%
8.5%
7.2%
customer trust
Global eCommerce sales
Strength in store-fulfilled pickup & delivery and marketplace
business mix
Global advertising 5
Driven by Walmart Connect in the U.S., which grew 30%
higher returns
Return on assets
Scaling growth investments
Return on investment 6
Disciplined execution, growing margins
our future
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
sales grew 32%
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Read More1 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.
