"We have strong momentum heading into the back-half of the year. Keep up the momentum. Keep focusing on our purpose, on living our values and serving others. It’s up to each of us to bring our purpose to life."
— Doug McMillon, President and CEO
Q2 FY25 Earnings Results
Aug. 15, 2024
Message from Doug
Walmart Inc.: Total revenue was $169.3 billion for the quarter.
Walmart U.S.: Comp sales grew 4.2%, excluding fuel. These results include strong eCommerce growth of 22%, led by strong in-store pickup & delivery.
Walmart International*: Net sales grew 8.3% in constant currency, led by Walmex, China and Flipkart.
Sam’s Club: Comp sales grew 5.2%, excluding fuel.
Global Advertising**: Grew 26%, with Walmart Connect up 30% in the U.S.
Global Inventory: Down 2.0%, including a decrease of 2.6% 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
