{"id":759495,"date":"2023-05-18T07:05:15","date_gmt":"2023-05-18T11:05:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook\/"},"modified":"2023-05-18T07:05:15","modified_gmt":"2023-05-18T11:05:15","slug":"walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook\/","title":{"rendered":"Walmart revenue growth of 7.6%; operating income growing faster at 17.3%; eCommerce up 26% globally; Q1 FY24 GAAP EPS of $0.62; Adjusted EPS of $1.47; Company guides Q2 and raises FY24 outlook"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Walmart revenue growth of 7.6%; operating income growing faster at 17.3%; eCommerce up 26% globally; Q1 FY24 GAAP EPS of $0.62; Adjusted EPS of $1.47; Company guides Q2 and raises FY24 outlook<\/b><\/p>\n<p>BENTONVILLE, Ark.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nWalmart Inc. (NYSE: WMT):<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230517005840\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230517005840\/en\/<\/a><\/p>\n<p><b>First-quarter highlights:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nConsolidated revenue of $152.3 billion, up 7.6%, or 7.7% in constant currency<\/p>\n<\/li>\n<li>\nConsolidated gross margin rate declines 18 basis points on mix of sales<\/p>\n<\/li>\n<li>\nConsolidated operating expenses as a percentage of net sales down 58 basis points<\/p>\n<\/li>\n<li>\nConsolidated operating income up $0.9 billion, or 17.3%, operating margin up 34 bps<\/p>\n<\/li>\n<li>\nROA at 4.5%; ROI at 12.7%, negatively affected by discrete charges totaling 140bps in Q3 &amp; Q4 FY23<\/p>\n<\/li>\n<li>\nGlobal advertising business grew over 30%<\/p>\n<\/li>\n<li>\nWalmart U.S. comp sales up 7.4%; eCommerce up 27%, led by pickup &amp; delivery<\/p>\n<\/li>\n<li>\nPhonePe reaches more than $1 trillion in annualized TPV<\/p>\n<\/li>\n<li>\nCompany commits to build its own EV fast-charging network at thousands of its locations in the U.S.<\/p>\n<\/li>\n<\/ul>\n<p>\nThe company will hold a live conference call with the Investment Community at 7 a.m. CDT Thursday, May 18, 2023, to discuss the company\u2019s first quarter earnings results for fiscal year 2024. The event will be webcast live and is accessible by visiting <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.walmart.com%2Fnewsroom%2Ffinancial-events&amp;esheet=53402723&amp;newsitemid=20230517005840&amp;lan=en-US&amp;anchor=https%3A%2F%2Fcorporate.walmart.com%2Fnewsroom%2Ffinancial-events&amp;index=1&amp;md5=eb8b9856fccef7c4db8f770ffe226f8d\">https:\/\/corporate.walmart.com\/newsroom\/financial-events<\/a> and selecting the First Quarter Earnings Release event. The webcast will be archived and available on the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.walmart.com%2Fnewsroom%2Fevents%2Ffy2024-q1-earnings-release&amp;esheet=53402723&amp;newsitemid=20230517005840&amp;lan=en-US&amp;anchor=company+website&amp;index=2&amp;md5=1e99529f9d952c7dc51e5b2e0044a335\">company website<\/a>.<\/p>\n<p><b>About Walmart<\/b><\/p>\n<p>\nWalmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better &#8211; anytime and anywhere &#8211; in stores, online, and through their mobile devices. Each week, approximately 240 million customers and members visit more than 10,500 stores and numerous eCommerce websites in 20 countries. With fiscal year 2023 revenue of $611 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.walmart.com&amp;esheet=53402723&amp;newsitemid=20230517005840&amp;lan=en-US&amp;anchor=https%3A%2F%2Fcorporate.walmart.com&amp;index=3&amp;md5=5f48934b56df50f0bd7a371b74261316\">https:\/\/corporate.walmart.com<\/a>, on Facebook at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffacebook.com%2Fwalmart&amp;esheet=53402723&amp;newsitemid=20230517005840&amp;lan=en-US&amp;anchor=https%3A%2F%2Ffacebook.com%2Fwalmart&amp;index=4&amp;md5=f70521a0f96e60dc2cf6a39abcf43175\">https:\/\/facebook.com\/walmart<\/a>, on Twitter at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fwalmart&amp;esheet=53402723&amp;newsitemid=20230517005840&amp;lan=en-US&amp;anchor=https%3A%2F%2Ftwitter.com%2Fwalmart&amp;index=5&amp;md5=218b22f548d059e088da20ad20826a89\">https:\/\/twitter.com\/walmart<\/a>, and on LinkedIn at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fwalmart%2F&amp;esheet=53402723&amp;newsitemid=20230517005840&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fwalmart%2F&amp;index=6&amp;md5=a93c011b5e382f9a4ae88e0487b42341\">https:\/\/www.linkedin.com\/company\/walmart\/<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230517005840r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230517005840\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230517005840\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contacts<br \/>\n<\/b><br \/>Steph Wissink<br \/>\n<br \/>Senior Vice President, Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@walmart.com\">ir@walmart.com<\/a><\/p>\n<p>\nKary Brunner<br \/>\n<br \/>Sr. Director II, Investor Relations<\/p>\n<p><b>Media Relations Contact<br \/>\n<\/b><br \/>Jacquelyn Cook<br \/>\n<br \/>Sr. Manager, Global Communications<br \/>\n<br \/>800-331-0085<\/p>\n<p><b>KEYWORDS:<\/b> Arkansas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Food\/Beverage Online Retail Fashion Discount\/Variety Retail<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230517005840\/en\/1797267\/3\/logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Walmart revenue growth of 7.6%; operating income growing faster at 17.3%; eCommerce up 26% globally; Q1 FY24 GAAP EPS of $0.62; Adjusted EPS of $1.47; Company guides Q2 and raises FY24 outlook BENTONVILLE, Ark.&#8211;(BUSINESS WIRE)&#8211; Walmart Inc. (NYSE: WMT): This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230517005840\/en\/ First-quarter highlights: Consolidated revenue of $152.3 billion, up 7.6%, or 7.7% in constant currency Consolidated gross margin rate declines 18 basis points on mix of sales Consolidated operating expenses as a percentage of net sales down 58 basis points Consolidated operating income up $0.9 billion, or 17.3%, operating margin up 34 bps ROA at 4.5%; ROI at 12.7%, negatively affected by discrete charges totaling 140bps in Q3 &amp; Q4 FY23 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Walmart revenue growth of 7.6%; operating income growing faster at 17.3%; eCommerce up 26% globally; Q1 FY24 GAAP EPS of $0.62; Adjusted EPS of $1.47; Company guides Q2 and raises FY24 outlook&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-759495","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Walmart revenue growth of 7.6%; operating income growing faster at 17.3%; eCommerce up 26% globally; Q1 FY24 GAAP EPS of $0.62; Adjusted EPS of $1.47; Company guides Q2 and raises FY24 outlook - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walmart revenue growth of 7.6%; operating income growing faster at 17.3%; eCommerce up 26% globally; Q1 FY24 GAAP EPS of $0.62; Adjusted EPS of $1.47; Company guides Q2 and raises FY24 outlook - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Walmart revenue growth of 7.6%; operating income growing faster at 17.3%; eCommerce up 26% globally; Q1 FY24 GAAP EPS of $0.62; Adjusted EPS of $1.47; Company guides Q2 and raises FY24 outlook BENTONVILLE, Ark.&#8211;(BUSINESS WIRE)&#8211; Walmart Inc. (NYSE: WMT): This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230517005840\/en\/ First-quarter highlights: Consolidated revenue of $152.3 billion, up 7.6%, or 7.7% in constant currency Consolidated gross margin rate declines 18 basis points on mix of sales Consolidated operating expenses as a percentage of net sales down 58 basis points Consolidated operating income up $0.9 billion, or 17.3%, operating margin up 34 bps ROA at 4.5%; ROI at 12.7%, negatively affected by discrete charges totaling 140bps in Q3 &amp; Q4 FY23 &hellip; Continue reading &quot;Walmart revenue growth of 7.6%; operating income growing faster at 17.3%; eCommerce up 26% globally; Q1 FY24 GAAP EPS of $0.62; Adjusted EPS of $1.47; Company guides Q2 and raises FY24 outlook&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-18T11:05:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230517005840r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Walmart revenue growth of 7.6%; 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Company guides Q2 and raises FY24 outlook BENTONVILLE, Ark.&#8211;(BUSINESS WIRE)&#8211; Walmart Inc. (NYSE: WMT): This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230517005840\/en\/ First-quarter highlights: Consolidated revenue of $152.3 billion, up 7.6%, or 7.7% in constant currency Consolidated gross margin rate declines 18 basis points on mix of sales Consolidated operating expenses as a percentage of net sales down 58 basis points Consolidated operating income up $0.9 billion, or 17.3%, operating margin up 34 bps ROA at 4.5%; ROI at 12.7%, negatively affected by discrete charges totaling 140bps in Q3 &amp; Q4 FY23 &hellip; Continue reading \"Walmart revenue growth of 7.6%; operating income growing faster at 17.3%; eCommerce up 26% globally; Q1 FY24 GAAP EPS of $0.62; Adjusted EPS of $1.47; Company guides Q2 and raises FY24 outlook\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-18T11:05:15+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230517005840r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-revenue-growth-of-7-6-operating-income-growing-faster-at-17-3-ecommerce-up-26-globally-q1-fy24-gaap-eps-of-0-62-adjusted-eps-of-1-47-company-guides-q2-and-raises-fy24-outlook\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Walmart revenue growth of 7.6%; 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