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Walmart reports strong revenue growth of 6.0% with operating income growing faster at 9.6%; adjusted operating income up 13.7%

eCommerce up 21% globally, led by store-fulfilled pickup & delivery and marketplace

GAAP EPS of $0.63; Adjusted EPS of $0.60

Company issues guidance for Q2; updates outlook for FY25

Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here:

First Quarter Highlights:

  • Consolidated revenue of $161.5 billion, up 6.0%, or 5.8% (in constant currency), including a benefit of ~1% from an additional selling day
  • Consolidated gross margin rate up 42bps due to improvements across segments, led by Walmart U.S.
  • Consolidated operating income up $0.6 billion, or 9.6%; adjusted operating income up 13.7%, due to higher gross margins and growth in membership income
  • Global eCommerce sales grew 21%, led by store fulfilled pickup & delivery and marketplace
  • Global advertising business grew 24%, including 26% for Walmart Connect in the U.S.
  • Adjusted EPS of $0.60 excludes the effect, net of tax, from a net gain of $0.05 on equity and other investments and business reorganization charges of $0.02
  • Global inventory down 2.7%, including a decrease of 4.2% 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 Thursday, May 16, 2024, to discuss the company’s first quarter earnings results for fiscal year 2025. The event will be webcast live and is accessible by visiting and selecting the First 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 2023 revenue of $611 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, on Facebook at, on Twitter at, and on LinkedIn at


Investor Relations Contacts

Steph Wissink

Senior Vice President, Investor Relations

Kary Brunner

Sr. Director, Investor Relations

Media Relations Contact

Molly Blakeman

Group Director, Global Communications


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