Revenue and Sales Growth - Consolidated revenue increased by 4.8% to $169.3 billion, with operating income growing 8.5% to $0.6 billion[2] - Walmart U.S. comp sales increased by 4.2%, with eCommerce contributing ~300 bps to comp sales growth[6][7] - Net sales increased by 4.7% to $167.767 billion for the three months ended July 31, 2024, compared to $160.280 billion in the same period in 2023[20] - Total revenues increased by 4.8% to $169.335 billion for the three months ended July 31, 2024, compared to $161.632 billion in 2023[20] - Walmart U.S. net sales increased by 4.1% to $115.35 billion for the three months ended July 31, 2024, compared to $110.85 billion in the same period in 2023[27] - Walmart International net sales grew by 7.1% to $29.57 billion for the three months ended July 31, 2024, compared to $27.60 billion in the same period in 2023[27] - Sam's Club net sales increased by 4.7% to $22.85 billion for the three months ended July 31, 2024, compared to $21.83 billion in the same period in 2023[27] - Total revenues for the three months ended July 31, 2024, were $29.938 billion, a 7.1% increase year-over-year[32] - Consolidated total revenues for the six months ended July 31, 2024, reached $169.335 billion, up 4.8% compared to the prior year[32] eCommerce Performance - Global eCommerce sales grew 21%, driven by store-fulfilled pickup & delivery and marketplace[2] - Walmart International eCommerce sales grew 18%, with advertising business up 23% led by Flipkart and Walmex[9] - Sam's Club U.S. eCommerce sales grew 22%, with membership income up 14.4% and total membership reaching a record high[11] Advertising Business Growth - Global advertising business grew 26%, including 30% growth for Walmart Connect in the U.S.[2] Inventory Management - Inventory decreased by 2.0% globally, with Walmart U.S. inventory down 2.6% while maintaining healthy in-stock levels[2][7] Financial Guidance - Q3 guidance: Net sales expected to grow 3.25% to 4.25% and operating income to grow 3.0% to 4.5% in constant currency[1][14] - FY25 guidance updated: Net sales expected to grow 3.75% to 4.75% and adjusted operating income to grow 6.5% to 8.0% in constant currency[16] Earnings and Income - Adjusted EPS for Q2 was $0.67, excluding a net loss of $0.11 on equity and other investments[2] - Membership and other income grew by 16.0% to $1.568 billion for the three months ended July 31, 2024, compared to $1.352 billion in 2023[20] - Operating income rose by 8.5% to $7.940 billion for the three months ended July 31, 2024, compared to $7.316 billion in 2023[20] - Consolidated net income attributable to Walmart decreased by 43.0% to $4.501 billion for the three months ended July 31, 2024, compared to $7.891 billion in 2023[20] - Basic net income per common share attributable to Walmart declined by 42.9% to $0.56 for the three months ended July 31, 2024, compared to $0.98 in 2023[20] - Consolidated operating income rose by 8.5% to $7.94 billion for the three months ended July 31, 2024, compared to $7.32 billion in the same period in 2023[27] - Operating income for the three months ended July 31, 2024, was $1.360 billion, a 14.3% increase year-over-year[32] - Adjusted operating income for the six months ended July 31, 2024, was $15.036 billion, a 10.2% increase compared to the prior year[35] - Adjusted diluted earnings per share (Adjusted EPS) for the three months ended July 31, 2024, was $0.67, up from the reported EPS of $0.56[40] - Adjusted EPS for the six months ended July 31, 2024, was $1.27, compared to the reported EPS of $1.19[40] - Diluted earnings per share for the three months ended July 31, 2023 was $0.97, with adjusted EPS at $0.61 after adjustments[42] - Diluted earnings per share for the six months ended July 31, 2023 was $1.18, with adjusted EPS at $1.10 after adjustments[42] Expenses and Costs - Cost of sales increased by 4.1% to $126.810 billion for the three months ended July 31, 2024, compared to $121.850 billion in 2023[20] - Operating, selling, general, and administrative expenses rose by 6.5% to $34.585 billion for the three months ended July 31, 2024, compared to $32.466 billion in 2023[20] - Interest, net increased by 14.4% to $565 million for the three months ended July 31, 2024, compared to $494 million in 2023[20] - Finance lease obligations interest expense grew by 23.2% to $122 million for the three months ended July 31, 2024, compared to $99 million in 2023[20] - Capital expenditures for the six months ended July 31, 2024, increased by $1.291 billion to $10.507 billion[37] Cash Flow and Financial Position - Net cash provided by operating activities for the six months ended July 31, 2024, was $16.36 billion, down from $18.20 billion in the same period in 2023[24] - Free cash flow for the six months ended July 31, 2024, was $5.850 billion, a decrease of $3.135 billion compared to the same period in the prior year[37] - Net cash provided by operating activities for the six months ended July 31, 2024, was $16.357 billion, a decrease of $1.844 billion compared to the prior year[37] - Walmart's total assets increased to $254.44 billion as of July 31, 2024, compared to $252.40 billion in January 2024 and $255.12 billion in July 2023[22] - Consolidated net income for the six months ended July 31, 2024, was $10.02 billion, slightly up from $9.95 billion in the same period in 2023[24] Comparable Sales Performance - Walmart U.S. comparable sales with fuel increased by 4.2% for the 13 weeks ended July 26, 2024, compared to 6.1% in the same period in 2023[28] - Sam's Club comparable sales with fuel increased by 4.6% for the 13 weeks ended July 26, 2024, compared to a decline of 0.2% in the same period in 2023[28] - Total U.S. comparable sales with fuel increased by 4.3% for the 13 weeks ended July 26, 2024, compared to 5.0% in the same period in 2023[28] Tax and Investment Metrics - The reported effective tax rate was 24.9% for the three months and 25.8% for the six months ended July 31, 2023[42] - ROA increased to 6.4% for the trailing twelve months ended July 31, 2024, up from 5.6% in the same period in 2023[44] - ROI increased to 15.1% for the trailing twelve months ended July 31, 2024, up from 12.8% in the same period in 2023[44] - Consolidated net income for the trailing twelve months ended July 31, 2024 was $16,339 million, up from $13,991 million in 2023[47] - Operating income for the trailing twelve months ended July 31, 2024 was $28,237 million, up from $21,812 million in 2023[48] - Average total assets for the trailing twelve months ended July 31, 2024 were $254,781 million, compared to $251,160 million in 2023[48] - Average invested capital for the trailing twelve months ended July 31, 2024 was $287,764 million, compared to $280,156 million in 2023[48] Currency Impact - Currency exchange rate fluctuations positively impacted total revenues by $324 million for the three months ended July 31, 2024[32]

Walmart logo is seen at store in Miami, United States on May 2, 2024.Walmart will report quarterly earnings on Thursday, as investors and economists seek clarity about the health of American households and the outlook for the broader economy.Here's what analysts are expecting for the big-box retailer, according to consensus estimates from LSEG:Earnings per share: 65 centsRevenue: $168.53 billionAs the nation's largest retailer, Walmart is uniquely positioned to offer insights into where the consumer is spen ...

SHENZHEN, CHINA - 2024/07/24: The logo of the American chain of membership-only retail warehouses ... [+] called Sam's Club is seen outside its store in Shenzhen, China. (Photo by Serene Lee/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesNote: Walmart’s FY’2024 ended in January 2024.Walmart (NYSE: WMT), the world’s largest retailer (by revenue), operating discount stores, supercenters, neighborhood markets, and Sam’s Club warehouses, is scheduled to report its fiscal second ...

Walmart (NYSE:WMT) reports earnings on Aug. 15. Its results are expected to be decent, if not spectacular. Most analysts see same-store sales growth with operating margins nearing double digits, which should be good for Walmart stock. I’m not one to focus too closely on quarterly reports, opting to think bigger picture, longer-term. There are three things that I’ll continue to look for as the company continues to grow its behemoth business model. For me, it boils down to Walmart’s growing ad business, the u ...

Second-quarter results from large retailers will continue to highlight this week's earnings lineup with Walmart (WMT)  set to release its Q2 report on Thursday, August 15.Notably, Walmart’s Zacks Retail-Supermarkets Industry is currently in the top 11% of approximately 250 Zacks industries. As a prime beneficiary of its strong business environment, Walmart's stock currently sports a Zacks Rank #2 (Buy) with now appearing to be an ideal time to invest in the omnichannel giant.Walmart’s Q2 Expectations Based ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

This year has been imposing for Walmart Inc. (WMT) , with its shares soaring 30.7% year to date, slightly more than the Retail - Supermarkets industry’s gain of 28.3%. The big-box retailers’ shares did break out beyond their resistance level in mid-May to register a sustained northward movement.Image Source: Zacks Investment ResearchWhat’s more, Walmart’s stock price closed at $68.70 on Aug. 12, just above its 50-day moving average (DMA) of $68.43, signifying a further short to medium-term positive uptrend. ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Walmart (WMT) . This company, which is in the Zacks Retail - Supermarkets industry, shows potential for another earnings beat.This world's largest retailer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 12.24%.For the ...

Walmart Inc (NYSE:WMT) will report second-quarter results before the open on Thursday, Aug. 15, the same day as the release of U.S. retail sales data, with both expected to give valuable insight into the sector. Plenty of analysts are praising WMT leading up to the event, including J.P. Morgan Securities. The firm currently holds an "overweight" rating and is hopeful of another beat-and-raise to follow the one in May. Plus, CRFA and Stifel today raised their price targets to $75 and $73, respectively. Of th ...

Analyst Estimates for Q2 2025Q1 2025Q2 2024Revenue$168.53 billion$161.51 billion$161.63 billionDiluted EPS65 cents63 cents97 centsNet Income$5.19 billion$5.1 billion$7.89 billion Key Metric: Market Share In its first-quarter earnings call in May, Walmart executives said the company was gaining market share across several income levels. Low-income consumers continued to be drawn to Walmart for its focus on value, while higher-income shoppers were drawn by a combination of price and increasing levels of co ...