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.
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