Walmart: Reports Second Quarter 2024 Financial Results

Bentonville / AR. (wama) Walmart Inc. announces second quarter results, including strong revenue and operating income growth of 5.7 percent and 6.7 percent, respectively. The Company sees strength in its omnichannel model across segments with strong comp sales globally, including 6.4 percent for Walmart U.S. The Company raises guidance for FY-2024 to reflect Q2-2024 upside, confidence in continued business momentum and ongoing customer response to its value proposition.

President and CEO Doug McMillon: «We had another strong quarter. Around the world, our customers and members are prioritizing value and convenience. They’re shopping with us across channels – in stores, Sam’s Clubs, and they’re driving E-Commerce, which was up 24 percent globally. Food is a strength, but we’re also encouraged by our results in general merchandise versus our expectations when we started the quarter. Our associates helped deliver increases in transaction counts and units sold, and profit is growing faster than sales. We’re in good shape with inventory, and we like our position for the back half of the year.»

For additional information please read the Company’s PDF file below (557 KB):