Walmart Releases Q2 FY24 Earnings

Sample article from our Retail & Omnichannel

August 17, 2023 (press release) –

Strong revenue growth of 5.7%; operating income growing faster at 6.7%
eCommerce up 24% globally
GAAP EPS of $2.92; Adjusted EPS of $1.84¹
Guides Q3 and raises FY24 outlook

Q2 FY24 Earnings at a Glance

Total Revenue

Consolidated revenue of $161.6 billion, up 5.7%, or 5.4% in constant currency ("cc") ¹ .

U.S. Comp Sales

Walmart U.S. Q2 comp sales up 6.4% ³ .

Walmart U.S. eCommerce

Walmart U.S. eCommerce up 24%, led by pickup & delivery.

Sam's Club Comp Sales

Strong comp sales led by food and consumables. Membership income was up 7%.

Walmart International

Walmart International net sales were $27 billion (constant currency), up 11%.

Operating Income

Consolidated operating income was up $0.5 billion, or 6.7%, adjusted operating income up 8.1% ¹ .

Earnings Per Share

GAAP EPS of $2.92; Adjusted EPS ² of $1.84 ¹.

¹ See additional information at the end of the release regarding non-GAAP financial measures.
² Our global advertising business is recorded in either net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement.
³ Comp sales for the 13-week period ended July 28th, 2023 compared to the 13-week period ended July 29th, 2022, and excludes fuel. See Supplemental Financial Information for additional information.
“cc” - constant currency

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