BENTONVILLE, Ark.--(BUSINESS WIRE)--
Walmart Inc. (NYSE: WMT):
This press release features multimedia. View the full release here:
Third-quarter highlights:
- Consolidated revenue of $160.8 billion, up 5.2%, or 4.3% in constant currency (“cc”)
- Consolidated gross margin rate up 32bps positively affected by a slight improvement for Walmart U.S. and timing of Flipkart’s The Big Billion Days (“BBD”) event, which flipped from Q3 last year to Q4 this year
- Consolidated operating expenses as a percentage of net sales down 182bps, lapping a discrete charge from last year. On an adjusted basis, up 37bps on variable pay expenses and store remodels
- Consolidated operating income up $3.5 billion, or 130.1%, adjusted operating income up 3.0% positively affected by the impact of currency and LIFO of 2.7% and 1.9%, respectively
- ROA at 6.5%; ROI at 14.1%, up 130 bps
- Global advertising business grew approximately 20%, affected by BBD moving to Q4 . Walmart Connect up 26%, Sam’s Club MAP up 27%
- Walmart U.S. comp sales up 4.9% and eCommerce up 24%, led by pickup & delivery
- Adjusted EPS of $1.53 excludes the effects, net of tax, of $1.36 from net losses on equity and other investments
The company will hold a live conference call with the Investment Community at 7 a.m. CST Thursday, Nov. 16, 2023, to discuss the company’s third quarter earnings results for fiscal year 2024. The event will be webcast live and is accessible by visiting and selecting the Third Quarter Earnings Release event. The webcast will be archived and available on the .
About Walmart
Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 240 million customers and members visit approximately 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2023 revenue of $611 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting , on Facebook at , on X (formerly known as Twitter) at , and on LinkedIn at .
View source version on businesswire.com:
