The company said its total revenues rose $9.2 billion (6.0%) from the year-earlier period in the 3-month period ended April 30, 2024. The company cited comparable sales growth in its U.S. segments and international markets as factors, and said an extra day in February from the leap year raised net sales by about 1%. It also said currency exchange rate fluctuations amounted to $0.4 billion.

1. 01

   The company said its total revenues rose $9.2 billion (6.0%) from the year-earlier period in the 3-month period ended April 30, 2024. The company cited comparable sales growth in its U.S. segments and international markets as factors, and said an extra day in February from the leap year raised net sales by about 1%. It also said currency exchange rate fluctuations amounted to $0.4 billion.

2. 02

   Walmart said gross profit rate increased 42 basis points over the 3 months, and operating expenses as a percentage of net sales rose 40 basis points. The company said operating income increased $0.6 billion (9.6%).

3. 03

   Walmart said other gains increased a net $3.8 billion over the 3 months compared with a year earlier, and consolidated net income rose $3.4 billion. The company reported diluted net income per common share attributable to Walmart of $0.63, an increase of $0.42 from a year earlier, and an effective tax rate of 24.6%, compared with 29.5% a year earlier.

4. 04

   The company said net cash provided by operating activities was $4.2 billion for the 3 months, compared with $4.6 billion a year earlier. The company said it approved an annual dividend of $0.83 per share for fiscal 2025, and that the remaining authorization under its $20 billion share repurchase program was $15.5 billion.

Key figures

Quarter ended April 30, 2024

Revenue

$159.9B

Operating income

$6.8B

Net income

$5.1B

EPS

$0.63

Operating cash flow

$4.2B

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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