“It was a terrific quarter, and we’ve got an opportunity to have another strong year. Thank you for all you’re doing, and I hope you’re having some fun along the way.”
— Doug McMillon, President and CEO
FY25 Q1 Quarterly Earnings Results
May 16, 2024
Message from Doug
Total revenue was $161.5 billion for the quarter.
Walmart U.S.: Comp sales grew 3.8%, excluding fuel. These results include eCommerce growth of 22%, led by strong in-store pickup and delivery.
Walmart International*: Net sales grew 10.7%, led by Walmex, China and Flipkart.
Sam’s Club: Comp sales grew 4.4%, excluding fuel.
Global Advertising**: Grew approximately 24%, with Walmart Connect up 26% in the U.S.
Global Inventory: down 2.7%, including a decrease of 4.2% for Walmart U.S.
*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 FY25 earnings results for Q1. We’ve had a great start to the year so far with all the business segments beating our expectations. This strong performance is propelling our momentum for the year ahead. https://t.co/OYa98fXeAj $WMT
— Walmart Inc. (@WalmartInc) May 16, 2024
