WMT

Walmart announced its FY25 Q2 (May to July) results as follows:

- Revenue: $169.3 billion, up 4.7% year-over-year (YoY), surpassing the consensus estimate by $1.92 billion.

- Non-GAAP EPS**: $0.67, up 9.8% YoY, exceeding the consensus by $0.02.

- Stock Performance**: Walmart's stock is up 6.47% in pre-market trading.

U.S. comparable store sales increased by 4.2%, below the consensus of +3.4%. However, Sam’s Club reported a comparable store sales growth of 5.2%, beating the consensus of +4.1%. Global e-commerce sales grew by 21%, and advertising revenue increased by 26%.

Walmart's global inventory decreased by 2%, with U.S. inventory down by 2.6%, reflecting improved efficiency.

Management provided guidance for FY25 Q3, forecasting revenue growth of 3.25% to 4.25% and EPS of $0.51 to $0.52. The revenue guidance aligns with the Wall Street consensus of 3.88%, but the EPS guidance falls short of the consensus of $0.55.

For the full FY25, Walmart raised its revenue growth guidance from 3.00% to 4.00% to a range of 3.75% to 4.75%, while the EPS guidance was set at $2.23 to $2.37. This EPS guidance is below the Wall Street consensus of 4.68%, based on the midpoint of the range.