Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118919925/en/

Third Quarter Highlights:

• Consolidated revenue of $169.6 billion, up 5.5%, or 6.2% (cc)
• Consolidated gross margin rate up 21 bps, led by Walmart U.S.
• Consolidated operating income up $0.5 billion, or 8.2%; up 9.8% (cc) due to higher gross margins and growth in membership income; also benefited from reduced losses in eCommerce
• ROA at 7.8%, ROI at 15.1%, up 100 bps
• Global eCommerce sales grew 27%, led by store fulfilled pickup & delivery and marketplace
• Global advertising business grew 28%, including 26% for Walmart Connect in the U.S
• Adjusted EPS of $0.58 excludes the effect, net of tax, from a net loss of $0.01 on equity and other investments
• Global inventory down 1.0%, including a decrease of 0.6% for Walmart U.S.; in-stock levels healthy

The company will hold a live conference call with the Investment Community at 7 a.m. CST Tuesday, November 19th, 2024, to discuss the company’s third quarter earnings results for fiscal year 2025. The event will be webcast live and is accessible by visiting https://corporate.walmart.com/news/events and selecting the Third Quarter Earnings Release event. The webcast will be archived and available on the company website.

About Walmart

Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 255 million customers and members visit approximately 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2024 revenue of $648 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting https://corporate.walmart.com, on Facebook at https://facebook.com/walmart, on Twitter at https://twitter.com/walmart, and on LinkedIn at https://www.linkedin.com/company/walmart/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241118919925/en/

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.