Retail giant Walmart has reported another robust quarter, driven by strong performances across all areas of its business.
The retail giant continues to see growth in both store and club sales, while its e-commerce division is expanding rapidly, thanks to enhanced pickup options and faster delivery times.
The company’s president and CEO, Doug McMillon, highlights that newer ventures, including its marketplace, advertising, and membership services, are contributing to the company’s success,
McMillon took to social media to talk about the second quarter.
How is the business helping customers save time and money, regardless of how they choose to shop?
In releasing its quarter two results, Walmart emphasizes it is creating omnichannel experiences that save customers time and money, no matter how they shop.
By investing in retail’s future and using technology to improve operations, the business is meeting changing customer needs with a stronger business approach.
What’s the result? These efforts are leading to higher returns and continue to build on our history of delivering value.
Walmart’s second quarter performance
- Total revenue: reached $169.3 billion, an increase of 4.8%.
- Gross margin: Improved by 43 basis points, driven by gains in Walmart U.S. and Walmart International.
- Operating income: Rose by $0.6 billion, or 8.5%, supported by higher margins and membership income, along with reduced eCommerce losses.
- Return on assets (ROA) was 6.4%, and return on investment (ROI) increased to 15.1%, up 230 basis points.
- Global e-commerce: Sales grew by 21%, with strong performance in store-fulfilled pickup, delivery, and marketplace.
- Global advertising business grew by 26%, including a 30% increase for Walmart Connect in the U.S.
- Adjusted earnings per share (EPS) were $0.67, excluding a net loss of $0.11 from equity and other investments.
- Global inventory decreased by 2.0%, with a 2.6% reduction in Walmart US, and in-stock levels remained healthy.
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Photo Credit: Walmart
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About the author
Sharl is a qualified journalist. He has over 10 years’ experience in the media industry, including positions as an editor of a magazine and Business Editor of a daily newspaper. Sharl also has experience in logistics specifically operations, where he worked with global food aid organisations distributing food into Africa. Sharl enjoys writing business stories and human interest pieces.
