"You all are part of your store, club, supply chain or home office team, and you’re also part of a big, global team that shares the same purpose and values, and it’s an honor and privilege to see you all perform."
— Doug McMillon, President and CEO
FY24 | Q2 Quarterly Earnings Results
August 17, 2023
Message from Doug
Total revenue was $161.6 billion, up 5.7%
Walmart U.S.: Comp sales* grew 6.4% with strength in grocery and health & wellness. eCommerce sales were up 24%.
Walmart International: Net sales were $27.0 billion (constant currency), an increase of 11.0% led by double-digit growth in Walmex, China and Flipkart. eCommerce sales grew 26%, with strength in China, Flipkart and Walmex.
Sam’s Club: Comp sales* increased 5.5%. Membership income increased 7.0% with continued strength in Plus member growth and renewals.
Global advertising business**: Grew approximately 35%.
*For additional information regarding non-GAAP financial measures, click here.
**Our global advertising business is recorded either in net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement.
Earnings on Social
We just released our Q2 FY24 earnings results. Learn more here: https://t.co/iyfg8A8rY9 $WMT pic.twitter.com/5zD4J5PBOG
— Walmart Inc. (@WalmartInc) August 17, 2023
Message from John David Rainey, Chief Financial Officer
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