Walmart said total revenues for fiscal 2024 rose $36.8 billion (6.0%), consolidated net income was $16.3 billion, up $5.0 billion from the prior year, and diluted earnings per share were $1.91.

1. 01

   Walmart said total revenues for fiscal 2024 rose $36.8 billion (6.0%), consolidated net income was $16.3 billion, up $5.0 billion from the prior year, and diluted earnings per share were $1.91.

2. 02

   The company said its gross profit rate rose 27 basis points in fiscal 2024, and operating expenses as a percentage of net sales fell 60 basis points. It cited the lapping of $3.3 billion in opioid-related legal settlement charges and $0.8 billion in restructuring charges from the prior year as factors.

3. 03

   Walmart reported net cash provided by operating activities of $35.7 billion for fiscal 2024 (fiscal 2023: $28.8 billion), and net cash used in investing activities of $21.3 billion. The company attributed the increase in investing outflows to higher spending on property and equipment.

4. 04

   The company said it expects capital expenditures for fiscal 2025 of approximately $20 billion to $24 billion. As of January 31, 2024, short-term borrowings were $0.9 billion, and unused committed credit lines in the U.S. were $15.0 billion.

Key figures

Fiscal year ended January 31, 2024

Revenue

$642.6B

Operating income

$27.0B

Net income

$15.5B

EPS

$1.91

Operating cash flow

$35.7B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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