Categories AlphaGraphs, Earnings, Retail
WMT Earnings: Key quarterly highlights from Walmart’s Q2 2024 financial results
Walmart Inc. (NYSE: WMT) reported second quarter 2024 earnings results today.
Consolidated revenue increased 5.7% year-over-year to $161.6 billion. Revenue grew 5.4% on a constant currency basis. Comparable sales rose 6.3%.
Consolidated net income attributable to Walmart increased 53% to $7.8 billion while EPS rose 55% to $2.92 compared to last year. Adjusted EPS grew 4% to $1.84.
Both revenue and earnings beat expectations.
For the third quarter of 2024, the company expects consolidated net sales to increase approx. 3% YoY on a constant currency basis. Adjusted EPS is expected to be $1.45-1.50.
For the full year of 2024, consolidated net sales are expected to increase approx. 4.0-4.5% YoY on a constant currency basis. Adjusted EPS is estimated to range between $6.36-6.46.
The stock rose 1% in premarket hours on Thursday.
Prior performance
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
