Walmart Q2 Earnings: E-commerce and Advertising Businesses Fuel Revenue And Profit Beat, Hikes Annual Guidance
Walmart Q2 Earnings: E-commerce and Advertising Businesses Fuel Revenue And Profit Beat, Hikes Annual Guidance
The gross Walmart Inc (NYSE:WMT) shares are trading higher on Thursday after the company announced strong second-quarter 2025 results and raised full-year guidance.
沃尔玛股票 (纽交所:WMT) 在周四交易上涨，原因是公司公布了2025年第二季度业务强劲的财报，同时提高了全年业绩预期。
The retailer reported adjusted EPS of $0.67 (+9.8% Y/Y), beating the consensus of $0.64.
该零售商报告了每股收益$0.67（同比增长9.8％），超出了$0.64的市场共识。
Sales were $169.34 billion, up 4.8% year over year or 5.0% (at constant currency), beating the consensus of $168.57 billion.
销售额为1693.4亿美元，同比增长4.8％或（按不变汇率计算）增长5.0％，超出了1685.7亿美元的市场共识。
The gross margin rate was up 43 bps, aided by improvements across Walmart U.S. and Walmart International segments.
毛利率上升了43个基点，得益于沃尔玛美国和沃尔玛国际业务发展的提高。
Read: Walmart Q2 Earnings Preview: This 'Safe-Haven' Stock Is 'One Of The Few Beat-And-Raise Stories In Retail'
阅读：沃尔玛Q2盈利预览：这是零售业中“少数的超预期股票”。
Operating income was up $0.6 billion, or 8.5%, and adjusted operating income was up 7.2% Y/Y on higher gross margins, growth in membership income, and reduced eCommerce losses.
营业收入增加了6亿美元，或8.5％，调整后的营业收入增长了7.2％，得益于毛利率上升、会员收入的增长以及电子商务损失的减少。
Global eCommerce sales rose 21%, driven by store-fulfilled pickup and delivery as well as marketplace growth. Global advertising business grew 26%, including 30% for Walmart Connect in the U.S.
全球电子商务销售增长了21％，得益于门店提供物流自提和送货服务以及市场增长。全球广告业务增长了26％，其中美国沃尔玛联合业务增长了30％。
Walmart U.S same-store sales climbed by 4.2% year over year, excluding fuel, aided by strength in transaction counts and unit volumes across both stores and eCommerce channels.
沃尔玛美国同店销售额同比增长4.2％，不包括油品，得益于线上线下交易次数和销售数量增加。
At Sam's Club, same-store sales rose 5.2% year over year, excluding fuel, led by food and health and wellness categories, along with increased transactions and unit volumes.
萨姆会员店同店销售额同比上升5.2％，不包括油品，食品和健康及健康保健品类成长迅速，同时交易次数和销售数量增加。
Doug McMillon, President and CEO, said, "Our newer businesses like marketplace, advertising, and membership, are also contributing, diversifying our profits and reinforcing the resilience of our business model."
总裁兼首席执行官Doug McMillon表示：“我们的市场、广告和会员等新业务也在为我们的利润做出贡献，增强了我们的业务模式的弹性。”
Walmart generated an operating cash flow of $16.4 billion and free cash flow of $5.9 billion in six months ended July 31, 2024. It ended the quarter with cash and equivalents of $8.8 billion.
沃尔玛截至2024年7月31日的六个月内，产生了164亿美元的营业现金流和59亿美元的自由现金流。该季度以88亿美元的现金及其等价物而结束。
Guidance: Walmart expects third-quarter adjusted EPS of $0.51 to $0.52 versus a consensus of $0.55, and its sales outlook is $164.58 billion-$166.17 billion vs. $167.11 billion estimate.
业绩展望：沃尔玛预计第三季度调整后的每股收益为$0.51至$0.52，而市场共识为$0.55，其销售前景为1645.8亿美元至1661.7亿美元，而市场预计为1671.1亿美元。
For FY25, the big box retailer raised its adjusted EPS outlook to $2.35-$2.43 (from $2.23-$2.37), vs. the consensus of $2.43.
对于2025财年，这家大型零售商将其调整后的每股收益展望提高至$2.35至$2.43（从$2.23至$2.37），市场共识为$2.43。
Walmart boosted FY25 net sales (at constant currency) growth guidance to 3.75%-4.75% from 3.0%- 4.0%.
沃尔玛将2025年净销售额（按不变汇率计）增长预期从3.0％-4.0％上调至3.75％-4.75％。
In a separate release, Walmart disclosed that Bob Moritz, retired Chairperson of PricewaterhouseCoopers (PwC), has been appointed to its Board of Directors, effective today.
另外，沃尔玛披露，普华永道（PwC）的退休主席Bob Moritz已于今天被任命为董事会成员。
Price Action: WMT shares are up 6.61% at $73.20 premarket at the last check on Thursday.
股价走势：截至周四的盘前交易中，沃尔玛股票上涨6.61％，最后报价为每股73.20美元。
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Image from Shutterstock
来自Shutterstock的图片
