"Thank you for everything you're doing to serve our customers and members and to be helpful to each other. There were definitely bright spots in the third quarter. Know that your hard work generated results."
— Doug McMillon, President and CEO
FY24 | Q3 Quarterly Earnings Results
November 16, 2023
Message from Doug
Total revenue was $160.8 billion, up 5.2%*
Walmart U.S.: Comp sales* grew 4.9% with eCommerce up 24%, led by stength in pickup & delivery.
Walmart International: Net sales were $26.7 billion (constant currency), an increase of 5.4%.
Sam’s Club: Comp sales* increased 3.8%, led by food and consumables stength. Membership income increased 7.2%.
Global advertising business**: Grew approximately 20%.
*For additional information regarding non-GAAP financial measures, click here.
**Our global advertising business is recorded either in net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement.
Earnings on Social
We just released our Q3 FY24 earnings results. We had strong revenue growth across segments for the quarter, and we’re excited to get an early start to the holiday season. Learn more here: https://t.co/G2LpadjbPn $WMT pic.twitter.com/d6snscCDaS
— Walmart Inc. (@WalmartInc) November 16, 2023
Message from John David Rainey, Chief Financial Officer
At PhonePe, we look to drive financial inclusion at scale in India and connect every Indian with the financial tools and resources they need to succeed.
Sam’s Club is helping shoppers prepare for the holidays with the best Plus membership offer of the year, with a focus on value and convenience during the holiday season.
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