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Walmart reports strong revenue growth of 5.5% with operating income growing faster at 8.2%

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Walmart reported strong Q3 FY25 results with consolidated revenue reaching $169.6 billion, up 5.5%. The company demonstrated robust performance with operating income increasing 8.2% to $0.5 billion. Notable highlights include 27% growth in global eCommerce sales, driven by store-fulfilled pickup & delivery and marketplace operations. The company's global advertising business grew 28%, with Walmart Connect in the U.S. up 26%. The consolidated gross margin rate improved by 21 basis points, led by Walmart U.S. Global inventory decreased by 1.0%, maintaining healthy in-stock levels. The company reported GAAP EPS of $0.57 and Adjusted EPS of $0.58.

Walmart ha riportato risultati solidi nel terzo trimestre dell'anno fiscale 25, con un fatturato consolidato che ha raggiunto 169,6 miliardi di dollari, con un aumento del 5,5%. L'azienda ha dimostrato una performance robusta, con un utile operativo in crescita dell'8,2% a 0,5 miliardi di dollari. Tra i punti salienti, si segnala una crescita del 27% nelle vendite di eCommerce globali, sostenuta dal ritiro e dalla consegna effettuati dai negozi e dalle operazioni di marketplace. Anche il business pubblicitario globale dell'azienda è cresciuto del 28%, con Walmart Connect negli Stati Uniti in aumento del 26%. Il tasso di margine lordo consolidato è migliorato di 21 punti base, trainato da Walmart U.S. L'inventario globale è diminuito dell'1,0%, mantenendo livelli di disponibilità sani. L'azienda ha riportato un utile per azione GAAP di 0,57 dollari e un utile per azione rettificato di 0,58 dollari.

Walmart reportó sólidos resultados en el tercer trimestre del año fiscal 25, con ingresos consolidados que alcanzaron $169.6 mil millones, lo que representa un aumento del 5.5%. La compañía demostró un rendimiento robusto con un ingreso operativo que aumentó un 8.2% a $0.5 mil millones. Entre los destacados se incluye un crecimiento del 27% en las ventas globales de eCommerce, impulsado por el retiro y entrega cumplidos por las tiendas y las operaciones de mercado. El negocio de publicidad global de la compañía creció un 28%, con Walmart Connect en EE.UU. aumentando un 26%. La tasa de margen bruto consolidado mejoró en 21 puntos básicos, liderada por Walmart U.S. El inventario global disminuyó un 1.0%, manteniendo niveles de disponibilidad saludables. La compañía reportó un EPS GAAP de $0.57 y un EPS ajustado de $0.58.

월마트는 2025 회계연도 3분기 강력한 실적을 보고하며, 통합 매출이 1,696억 달러에 도달하여 5.5% 증가했다고 발표했습니다. 회사는 운영 이익이 0.5억 달러로 8.2% 증가하는 등 견고한 성과를 보였습니다. 주요 하이라이트로는 글로벌 전자상거래 매출이 27% 성장했으며, 이는 매장에서 수행하는 픽업 및 배송과 마켓플레이스 운영에 의해 촉진되었습니다. 회사의 글로벌 광고 사업은 28% 성장했으며, 미국의 월마트 커넥트는 26% 증가했습니다. 통합 총 마진율은 21bp 향상되었으며, 월마트 U.S.가 이끌었습니다. 글로벌 재고는 1.0% 감소하여 건강한 재고 수준을 유지했습니다. 회사는 GAAP EPS가 0.57달러, 조정 EPS가 0.58달러라고 보고했습니다.

Walmart a annoncé de solides résultats pour le troisième trimestre de l'exercice 25, avec un chiffre d'affaires consolidé atteignant 169,6 milliards de dollars, en hausse de 5,5%. L'entreprise a montré une performance robuste avec un bénéfice d'exploitation en hausse de 8,2% à 0,5 milliard de dollars. Parmi les points saillants figurent une croissance de 27 % des ventes mondiales de e-commerce, stimulée par les retraits et livraisons effectués par les magasins et les opérations de marché. L'activité publicitaire mondiale de l'entreprise a augmenté de 28 %, avec Walmart Connect aux États-Unis en hausse de 26 %. Le taux de marge brute consolidé s'est amélioré de 21 points de base, dirigé par Walmart U.S. Les stocks mondiaux ont diminué de 1,0 %, maintenant des niveaux de disponibilité sains. L'entreprise a déclaré un BPA GAAP de 0,57 $ et un BPA ajusté de 0,58 $.

Walmart hat im dritten Quartal des Geschäftsjahres 25 starke Ergebnisse gemeldet, mit einem konsolidierten Umsatz von 169,6 Milliarden Dollar, was einem Anstieg von 5,5% entspricht. Das Unternehmen konnte eine robuste Leistung zeigen, wobei der Betriebsgewinn um 8,2% auf 0,5 Milliarden Dollar stieg. Zu den bemerkenswerten Höhepunkten zählt ein Wachstum von 27% im globalen eCommerce, unterstützt durch Abholung und Lieferung aus den Geschäften sowie Marktplatzoperationen. Das globale Werbegeschäft des Unternehmens wuchs um 28%, wobei Walmart Connect in den USA um 26% zunahm. Der konsolidierte Bruttomargenanteil verbesserte sich um 21 Basispunkte, angeführt von Walmart U.S. Der globale Lagerbestand sank um 1,0% und hielt gesunde Nachfüllbeiträge aufrecht. Das Unternehmen berichtete von einem GAAP EPS von 0,57 Dollar und einem angepassten EPS von 0,58 Dollar.

Positive
  • Revenue growth of 5.5% to $169.6 billion
  • Operating income increased 8.2%
  • eCommerce sales grew 27% globally
  • Advertising business up 28%
  • Gross margin rate improved 21 basis points
  • ROA at 7.8% and ROI up 100 bps to 15.1%
  • Inventory levels down 1.0% while maintaining healthy stock levels
Negative
  • None.

Insights

Walmart's Q3 performance showcases remarkable strength with $169.6 billion in revenue, up 5.5%. The standout metrics include 27% growth in global eCommerce and 28% growth in advertising business. Operating income increased by 8.2%, demonstrating improved operational efficiency and successful cost management.

The reduced inventory levels (-1.0% globally) while maintaining healthy in-stock positions indicates strong supply chain management. The 21 basis points improvement in gross margin rate, coupled with reduced eCommerce losses, signals successful execution of their omnichannel strategy. The ROA of 7.8% and ROI of 15.1% (up 100 bps) reflect efficient capital utilization.

The company's guidance raise for FY25 suggests management's confidence in sustaining this momentum, particularly through their expanding digital ecosystem and marketplace growth.

Walmart's 27% eCommerce growth, primarily driven by store-fulfilled pickup & delivery and marketplace expansion, demonstrates successful digital transformation. The 28% growth in advertising business, including Walmart Connect's 26% growth in the U.S., indicates strong monetization of their digital platform.

The robust performance in both traditional retail and digital channels positions Walmart favorably against competitors. The healthy in-stock levels despite reduced inventory suggests improved demand forecasting and inventory management systems. This efficiency, combined with marketplace growth, indicates a successful adaptation to evolving consumer shopping behaviors and sets a strong foundation for continued market share gains.

eCommerce up 27% globally

GAAP EPS of $0.57; Adjusted EPS of $0.58

Company raises guidance for FY25

BENTONVILLE, Ark.--(BUSINESS WIRE)-- Walmart Inc. (NYSE: WMT):

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/.

Investor Relations Contacts

Steph Wissink

Senior Vice President, Investor Relations

ir@walmart.com

Kary Brunner

Sr. Director, Investor Relations

Media Relations Contact

Molly Blakeman

Group Director, Global Communications

800-331-0085

Source: Walmart Inc.

FAQ

What was Walmart's (WMT) revenue growth in Q3 FY25?

Walmart reported revenue growth of 5.5%, reaching $169.6 billion in Q3 FY25.

How much did Walmart's (WMT) eCommerce sales grow in Q3 FY25?

Walmart's global eCommerce sales grew 27% in Q3 FY25, driven by store-fulfilled pickup & delivery and marketplace operations.

What was Walmart's (WMT) adjusted EPS in Q3 FY25?

Walmart reported an adjusted EPS of $0.58, excluding the effect of a $0.01 net loss on equity and other investments.

How did Walmart's (WMT) advertising business perform in Q3 FY25?

Walmart's global advertising business grew 28%, with Walmart Connect in the U.S. growing 26%.

Walmart Inc.

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