Walmart reports strong sales growth of 4.8%, with operating income growing faster at 8.5%; adjusted operating income up 7.2%

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Consolidated revenues of $169.3 billion, up 4.8% or 5.0%
Consolidated gross margin increases 43 basis points, led by Walmart US and Walmart International
Consolidated operating profit up $0.6 billion, or 8.5%; adjusted operating profit up 7.2%, driven by higher gross margins and growth in membership revenues; also benefited from lower e-commerce losses
ROA at 6.4%, ROI at 15.1%, up 230 bps
Global e-commerce sales grew 21%, driven by in-store pickup and delivery and marketplace
Global advertising activity grew 26%, including 30% for Walmart Connect in the US
Adjusted earnings per share of $0.67 excludes the impact, after tax, of a net loss of $0.11 on equity and other investments
Global inventory down 2.0%, including a 2.6% drop for Walmart US; inventory levels healthy
Bob Moritz, retired chairman of PwC, joins Walmart Inc. board of directors.

The Company will hold a live conference call with the Investment Community on Thursday, August 15, 2024 at 7:00 p.m. CST to discuss the Company’s earnings results for the second quarter of fiscal year 2025. The event will be webcast live and can be accessed by going to https://corporate.walmart.com/news/events and selecting the Second Quarter Earnings Release event. The webcast will be archived and available on the Company’s website.

About Walmart

Walmart Inc. (NYSE: WMT) is a people-led, technology-driven omnichannel retailer that helps people save money and live better — anytime, anywhere — in stores, online and via their mobile devices. Each week, approximately 255 million customers and members visit approximately 10,500 stores and numerous e-commerce sites in 19 countries. With fiscal 2024 sales of $648 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment. More information about Walmart can be found at https://corporate.walmart.com, on Facebook at https://facebook.com/walmart, on Twitter at https://twitter.com/walmartand on LinkedIn at https://www.linkedin.com/company/walmart/.