Walmart said its total revenues increased $8.8 billion (5.5%) and $25.7 billion (5.4%) for the 3 and 9 months ended October 31, 2024, respectively. The company cited growth in comparable sales in its U.S. segments and international markets as the main factors.

10-QQuarterly reportFiled Dec 6, 2024Period of report Oct 31, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

Walmart said its total revenues increased $8.8 billion (5.5%) and $25.7 billion (5.4%) for the 3 and 9 months ended October 31, 2024, respectively. The company cited growth in comparable sales in its U.S. segments and international markets as the main factors.
The company said operating income rose $0.5 billion (8.2%) and $1.7 billion (8.8%) for the 3 and 9 months, respectively. Over the same periods, gross profit rate rose 21 basis points and 35 basis points, and operating expenses as a percentage of net sales rose 19 basis points and 32 basis points.
Consolidated net income rose $4.1 billion for the 3 and 9 months, the company said, and diluted net income per share was $0.57 and $1.75. The company attributed the decrease in other losses of $4.6 billion and $3.3 billion to changes in the fair value of its investments.
Walmart said net cash provided by operating activities was $22.9 billion for the 9 months, compared with $19.0 billion in the prior-year period, and net cash used in financing activities was $9.7 billion. As of October 31, 2024, the remaining authorization for share repurchases was $13.5 billion.

Key figures

Quarter ended October 31, 2024

Revenue: $168.0B
Operating income: $6.7B
Net income: $4.6B
EPS: $0.57

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Total Revenue Growth

Walmart said its total revenues increased $8.8 billion (5.5%) and $25.7 billion (5.4%) for the 3 and 9 months ended October 31, 2024, respectively. The company cited growth in comparable sales in its U.S. segments and international markets as the main factors.

Source · Based on the MD&A text of the filing

Operating Income and Cost Structure

The company said operating income rose $0.5 billion (8.2%) and $1.7 billion (8.8%) for the 3 and 9 months, respectively. Over the same periods, gross profit rate rose 21 basis points and 35 basis points, and operating expenses as a percentage of net sales rose 19 basis points and 32 basis points.

Source · Based on the MD&A text of the filing

Lower Other Losses and Net Income

Consolidated net income rose $4.1 billion for the 3 and 9 months, the company said, and diluted net income per share was $0.57 and $1.75. The company attributed the decrease in other losses of $4.6 billion and $3.3 billion to changes in the fair value of its investments.

Source · Based on the MD&A text of the filing

9-Month Cash Flow and Remaining Share Repurchase Authorization

Walmart said net cash provided by operating activities was $22.9 billion for the 9 months, compared with $19.0 billion in the prior-year period, and net cash used in financing activities was $9.7 billion. As of October 31, 2024, the remaining authorization for share repurchases was $13.5 billion.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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