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Apr 30, 2023
Walmart Q1 2024 Earnings Report
Walmart's Q1 2024 earnings showcased strong revenue growth and operating income gains.
Key Takeaways
Walmart's first quarter results revealed a robust performance, marked by a 7.6% increase in revenue and a 17.3% surge in operating income. The company's eCommerce sales grew by 26% globally, and Walmart U.S. comp sales increased by 7.4%.
Consolidated revenue increased by 7.6% to $152.3 billion.
eCommerce sales grew by 26% globally.
Walmart U.S. comp sales increased by 7.4%.
Adjusted EPS was $1.47.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The following guidance reflects the Company’s expectations for the second quarter and fiscal year 2024 and is provided on a non-GAAP basis.
Positive Outlook
- Q2 Consolidated net sales (cc) Increase approximately 4.0%
- FY 2024 Consolidated net sales (cc) Increase approximately 3.5%
- FY 2024 Consolidated operating income (cc) Increase approximately 4.0%-4.5%, including an expected 100bps impact from LIFO
- FY24 Adjusted EPS $6.10 to $6.20, including an expected $0.14 impact from LIFO
- Capital expenditures Flat to up slightly v. LY, unchanged from prior guidance
Challenges Ahead
- Q2 Consolidated operating income (cc) Decline approximately 2.0%
- FY 2024 Interest, net Increase approximately $600M v. LY
- FY 2024 Effective tax rate Approximately 26.5%
- FY 2024 Non-controlling interest Approximately $0.20 headwind to EPS v. LY
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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