Walmart Releases Q3 FY25 Earnings
Nov. 19, 2024
We're
driving growth.
"We had a strong quarter, continuing our momentum. Our associates are working hard to save people time and money and to transform our business. Across markets, we continue to grow, and our newer businesses helped profits grow faster than sales while we worked to lower prices."
Doug McMillon
President and CEO, Walmart
5.5%
8.2%
customer trust
Global eCommerce sales
Strength in store-fulfilled pickup & delivery and marketplace
business mix
Global advertising 4
Membership income also grew 22%
higher returns
Return on assets
Scaling growth investments
Return on investment 1
Improved operating income
our future
Global inventory
Including a 0.6% decline on more than 5% sales growth in Walmart U.S.
And, we’re
investing
in our future.
We’re encouraged by the steady momentum building across the business. Customers and members continue to respond to our value proposition as we provide lower prices and greater levels of convenience. We’re broadening our assortment, improving customer experiences and earning their trust, while seeing share gains as a result. We’re also realizing benefits from the investments we’ve made in our core omni-retail business and seeing improved profitability with newer businesses.
This quarter’s strong results, once again, show that more customers are choosing Walmart more often because of the investments we’ve made into our core omnichannel retail business to lower prices and provide greater levels of convenience. We’re executing on our strategy, and there is still much more opportunity ahead.
John David Rainey
Executive Vice President and Chief Financial Officer, Walmart
sales grew 22%
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Read More1 Calculated for the trailing-twelve months ended October 31, 2024. ROI is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
2 Comp sales for the 13-week period ended October 25, 2024 compared to the 13-week period ended October 27, 2023.
3 Constant Currency is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
4 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.
