Walmart Releases Q3 FY24 Earnings

Sample article from our Retail & Omnichannel

November 16, 2023 (press release) –

  • Strong revenue growth of 5.2% with strength across segments
  • eCommerce up 15% globally
  • GAAP EPS of $0.17; Adjusted EPS of $1.531
  • Raises FY24 sales and Adjusted EPS guidance 

 

Q3 FY24 Earnings at a Glance

 
 
 

Total Revenue

Consolidated revenue of $160.8 billion, up 5.2%, or 4.3% in constant currency1.

 
 
 
 
 
 

Walmart U.S. Comp Sales

up 4.9%3.

 

Walmart U.S. eCommerce

 up 24%, led by strength in pickup & delivery.

 
 
 
 
 
 

Sam's Club Comp Sales

up 3.8%.3 Membership income up 7.2%.

 

Walmart International

net sales were $26.7 billion, up 5.4% in constant currency.

 
 
 
 
 
 

Operating Income

Consolidated operating income was up $3.5 billion, or 130.1%, adjusted operating income up 3.0%1.

 

Earnings Per Share

GAAP EPS of $0.17; Adjusted EPS of $1.531.

 
 
 
 

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 October 27th, 2023 compared to the 13-week period ended October 28th, 2022, and excludes fuel. See Supplemental Financial Information for additional information.


 

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