Walmart — Nov 19, 2024 release

Globally, eCommerce grew 27% with penetration up across all segments. Walmart U.S. comp sales up 5.3% 2 with positive growth in general merchandise. Looking ahead, the Company raises its guidance for FY25 with net sales expected to grow 4.8% to 5.1% and adjusted operating income to grow 8.5% to 9.25% in constant currency (“cc”) 1 . “ We had a strong quarter, continuing our momentum. Our associates are working hard to save people time and money and to transform our business. In the U.S., in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that. Our teams are executing and delighting our customers and members with the value and convenience they expect from Walmart.” Doug McMillon President and CEO, Walmart Third-Quarter Highlights • Consolidated revenue of $169.6 billion, up 5.5%, or 6.2% (cc) 1 • 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) 1 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% 1 , up 100 bps • Global eCommerce sales grew 27%, led by store-fulfilled pickup & delivery and marketplace • Global advertising business 3 grew 28%, including 26% for Walmart Connect in the U.S. • Adjusted EPS 1 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