New York, August 15 – Walmart, the largest retailer in the United States, has once again surpassed market expectations with its second-quarter financial results. The retail giant also raised its full-year revenue outlook, signaling continued strength in its operations. This comes as Walmart adapts to shifting consumer behaviors and the evolving retail landscape, according to reports from AP and CNBC.
Key Financial Highlights:
- Revenue: Walmart’s revenue for the second quarter rose by 4.8% to $169.33 billion (€153.67 billion), exceeding analysts’ expectations of $168.63 billion. This marks a solid performance amid challenging economic conditions.
- Profit: The company’s net profit fell to $4.5 billion (56 cents per share) from $7.9 billion (97 cents per share) a year ago. However, the adjusted earnings per share came in at 67 cents, beating Wall Street’s forecast by 2 cents.
- Comparable Sales in the U.S.: Comparable sales, which include online sales and stores open for at least 12 months, increased by 4.2% year-over-year, up from a 3.8% increase in the first quarter. This reflects continued strength in Walmart’s core U.S. market.
- Global E-commerce Sales: Walmart reported a robust 21% growth in global e-commerce sales, highlighting the ongoing shift toward online shopping.
Financial Overview for Q2 2024
| Metric | Q2 2024 | Q2 2023 | % Change |
|---|---|---|---|
| Revenue (USD) | $169.33 billion | $161.58 billion | +4.8% |
| Net Profit (USD) | $4.5 billion | $7.9 billion | -43.0% |
| Earnings Per Share (Adjusted) | 67 cents | 97 cents | -30.9% |
| Comparable Sales (U.S.) | +4.2% | +3.8% | +0.4% |
| Global E-commerce Sales | +21% | Not specified | N/A |
Walmart’s results underscore the retailer’s ability to navigate a complex market environment while continuing to drive growth in key areas such as e-commerce. The company’s raised outlook for the full fiscal year suggests that Walmart expects these positive trends to continue.
