Walmart $WMT (-2,1 %)
impresses with strong business figures in the third quarter of 2024
Walmart Inc. once again delivered impressive results in the third quarter of 2024. The world's largest retailer recorded consolidated sales growth of 5,5 % to 169.6 billion USDwhile the operating result even increased by 8,2 % increased. The global e-commerce division grew by 27 %driven by strong demand for pick-up and delivery services and the marketplace business.
Financial highlights
- Sales growth: 5.5% (6.2% at constant currency)
- Operating result: +8.2% (+9.8% at constant currency)
- Adjusted EPS: USD 0.58
- Free cash flow: USD +1.9 billion year-on-year
Strategic successes
- Walmart U.S.: Sales growth of 5.0% thanks to broad strength in physical and digital channels. E-commerce increased by 22 %particularly through pickup, delivery and advertising.
- Walmart International: Net sales (in constant currency) increased by 12,4 %driven by markets such as Flipkart (India), Walmex (Mexico) and China. E-commerce sales increased by 43 % increase.
- Advertising business: Global advertising revenue grew by 28 %with Walmart Connect in the US and Flipkart in India being particularly strong drivers.
Outlook for FY25
Walmart is raising its forecast for the financial year 2025. Sales are expected to grow by 4,8-5,1 % and an increase in adjusted operating profit of 8,5-9,25 % at constant currency.
CEO Doug McMillon praised the performance of the employees and emphasized the importance of innovation and customer satisfaction:
"Our teams are successfully executing our strategy and providing customers with the value and convenience they expect."
Walmart impressively demonstrates how the combination of physical retail, digital transformation and innovation can generate sustainable growth.
