Walmart said total revenues increased $7.7 billion (4.8%) and $17 billion (5.4%) for the three and six months ended July 31, 2024, respectively. The company cited strong comparable sales in its U.S. segments and international markets, growth in transactions, and strength in eCommerce as the factors.

1. 01

   Walmart said total revenues increased $7.7 billion (4.8%) and $17 billion (5.4%) for the three and six months ended July 31, 2024, respectively. The company cited strong comparable sales in its U.S. segments and international markets, growth in transactions, and strength in eCommerce as the factors.

2. 02

   The company said operating income increased $0.6 billion (8.5%) for the 3 months and $1.2 billion (9.0%) for the 6 months. Gross profit rate rose 43 basis points for both periods, while operating expenses as a percentage of net sales increased 35 basis points and 38 basis points, respectively.

3. 03

   Walmart said other losses increased $5.1 billion for the 3 months and $1.3 billion for the 6 months, and it attributed the increase mainly to changes in the fair value of its equity and other investments. Consolidated net income decreased $3.3 billion for the 3 months and increased $0.1 billion for the 6 months, and diluted net income per share was $0.56 and $1.19.

4. 04

   The company said net cash provided by operating activities for the 6 months ended July 31, 2024 was $16.4 billion, down from $18.2 billion a year earlier. It also said its board approved the sale of its JD.com investment stake on August 20, 2024, with net proceeds of $3.6 billion.

Key figures

Quarter ended July 31, 2024

Revenue

$167.8B

Operating income

$7.9B

Net income

$4.5B

EPS

$0.56

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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