NASDAQ$WMT
Walmart Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Walmart's Q2 2024 earnings were marked by strong revenue growth, driven by the omnichannel model and eCommerce.
Walmart reported strong second-quarter results, with revenue up 5.7% and operating income growing faster at 6.7%. eCommerce sales increased by 24% globally. The company raised its guidance for FY24, reflecting confidence in business momentum and customer response to its value proposition.
- Consolidated revenue increased by 5.7% to $161.6 billion.
- Walmart U.S. comp sales increased by 6.4%, with eCommerce up 24%.
- Global advertising business grew by approximately 35%.
- Consolidated operating income rose by 6.7%.
Headline financials
Revenue & EPS history
Walmart · Revenue · Quarterly
$162B
Revenue by segment
Walmart · $162B total across 4 segments · Q2 2024
- Walmart U.S.$111B+5.4%68.6%
- Walmart International$27.6B+13.3%17.1%
- Sam's Club U.S.$21.8B-0.3%13.5%
- Membership & Other$1.35B-8.5%0.8%
Forward guidance
The Company’s fiscal year guidance is based on the following previously disclosed FY23 figures: Net sales: $605.9 billion, adjusted operating income1: $24.6 billion, and adjusted EPS1: $6.29.
Tailwinds
- Consolidated net sales (cc) Increase approximately 3.0%
- Consolidated operating income (cc) Increase approximately 1.0%
- Adjusted EPS $1.45 to $1.50
- Consolidated net sales (cc)Increase approximately 4.0% to 4.5%
- Consolidated operating income (cc)Increase approximately 7.0%-7.5%, including an expected 30bps tailwind from LIFO
Headwinds
- Interest, net Increase approximately $500M v. LY
- Effective tax rate Unchanged at 26.5%
- Non-controlling interest Approximately $0.26 headwind to EPS
- Adjusted EPS $6.36 to $6.46, including an expected $0.05 impact from LIFO
- Capital expenditures Flat to up slightly v. LY, unchanged from prior guidance
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
-0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.0%
Avg return
30 days after
39%
28 / 72 earnings
Positive
+10.6%
Q1 2017
Best reaction
-17.4%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +0.7% | — | — | |
| Q4 2026 | -1.4% | +0.1% | -6.0% | |
| Q3 2026 | +5.9% | +6.4% | +13.7% | |
| Q2 2026 | -4.2% | -6.4% | -0.2% | |
| Q1 2026 | -0.5% | +1.0% | -2.5% | |
| Q4 2025 | -6.5% | -6.1% | -17.3% | |
| Q3 2025 | +3.7% | +7.6% | +11.1% | |
| Q2 2025 | +7.0% | +8.6% | +17.4% | |
| Q1 2025 | +8.1% | +8.9% | +12.0% | |
| Q4 2024 | +2.0% | +3.1% | +8.2% | |
| Q3 2024 | -8.5% | -8.2% | -10.0% | |
| Q2 2024 | -0.8% | -1.4% | +3.4% | |
| Q1 2024 | +0.3% | -0.8% | +4.0% | |
| Q4 2023 | -1.5% | -2.7% | -4.0% | |
| Q3 2023 | +7.3% | +8.6% | +5.0% | |
| Q2 2023 | +5.2% | +3.3% | +0.7% | |
| Q1 2023 | -17.4% | -19.6% | -18.6% | |
| Q4 2022 | +3.3% | +2.2% | +8.9% | |
| Q3 2022 | -3.4% | -3.1% | -2.4% | |
| Q2 2022 | -1.1% | +0.5% | -3.8% | |
| Q1 2022 | +2.2% | +2.1% | -0.8% | |
| Q4 2021 | -6.0% | -8.0% | -10.5% | |
| Q3 2021 | -2.2% | -1.4% | -4.2% | |
| Q2 2021 | -2.3% | -2.9% | +0.8% | |
| Q1 2021 | -1.7% | -2.6% | -7.6% | |
| Q4 2020 | -0.2% | +0.6% | +1.3% | |
| Q3 2020 | -1.8% | -0.9% | -0.6% | |
| Q2 2020 | +6.4% | +5.5% | +10.6% | |
| Q1 2020 | +1.0% | +1.2% | +9.2% | |
| Q4 2019 | -0.1% | -0.4% | -0.9% | |
| Q3 2019 | -3.8% | -7.3% | -9.5% | |
| Q2 2019 | +8.5% | +6.5% | +4.8% | |
| Q1 2019 | -2.9% | -3.2% | -2.8% | |
| Q4 2018 | -12.7% | -11.3% | -16.8% | |
| Q3 2018 | +8.5% | +7.4% | +8.1% | |
| Q2 2018 | -2.0% | -1.2% | -0.7% | |
| Q1 2018 | +4.9% | +4.5% | +0.2% | |
| Q4 2017 | +3.4% | +4.4% | +0.7% | |
| Q3 2017 | -4.0% | -1.8% | -0.6% | |
| Q2 2017 | -0.2% | -1.3% | -0.1% | |
| Q1 2017 | +10.6% | — | — | |
| Q4 2016 | -2.2% | — | — | |
| Q3 2016 | +5.3% | — | — | |
| Q2 2016 | -4.6% | — | — | |
| Q1 2016 | -5.0% | — | — | |
| Q4 2015 | -2.3% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | -2.3% | — | — | |
| Q3 2014 | +0.4% | — | — | |
| Q2 2014 | -3.0% | — | — | |
| Q1 2014 | -2.5% | — | — | |
| Q4 2013 | +1.7% | — | — | |
| Q3 2013 | -4.6% | — | — | |
| Q2 2013 | -3.3% | — | — | |
| Q1 2013 | +5.5% | — | — | |
| Q4 2012 | -6.2% | — | — | |
| Q3 2012 | -2.9% | — | — | |
| Q2 2012 | +3.1% | — | — | |
| Q1 2012 | -1.6% | — | — | |
| Q4 2008 | -0.4% | — | — | |
| Q3 2011 | +0.8% | — | — | |
| Q2 2011 | +3.2% | — | — | |
| Q4 2010 | +3.2% | — | — | |
| Q1 2010 | -1.9% | — | — | |
| Q1 2011 | +0.1% | — | — | |
| Q3 2009 | -1.6% | — | — | |
| Q3 2010 | -1.6% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q2 2009 | -0.7% | — | — | |
| Q2 2010 | -0.7% | — | — |
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