Walmart's Q1 consolidated net income attributable to company down 18.5% year-over-year to US$1.67B • revenue up 7.6% to US$152.3B • operating income up 17.3% • e-commerce up 26% globally • advertising up over 30% • Sam's Club comp sales up 7.0%

Sample article from our Retail & Omnichannel

May 18, 2023 (press release) –

Walmart revenue up 7.6%; operating income growing faster at 17.3%
eCommerce up 26% globally
Q1 FY24 GAAP EPS of $0.62; Adjusted EPS² of $1.47
Guides Q2 and raises FY24 outlook

Q1 FY24 Earnings at a Glance

Total Revenue

Total revenue was $152.3 billion, up 7.6%, or 7.7% in constant currency ².

U.S. Comp Sales

Walmart U.S. Q1 comp sales ¹ grew 7.4%.

Walmart U.S. eCommerce

Walmart U.S. eCommerce growth was 27%, led by pickup & delivery.

Sam's Club Comp Sales

Strong comp sales of 7.0%, led by food and consumables. Membership income was up 6.3%.

Walmart International

Walmart International net sales were $26.8 billion (constant currency), up 12.9%.

Operating Income

Consolidated operating income was up $0.9 billion, up 17.3%.

Earnings Per Share

GAAP EPS of $0.62; Adjusted EPS ² of $1.47.

¹ Comp sales for the 13-week period ended April 28, 2023 compared to the 13-week period ended April 29, 2022, and excludes fuel. See Supplemental Financial Information for additional information.
² See additional information at the end of this release regarding non-GAAP financial measures.

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