Summary by Moomoo AI
Walmart Inc. reported a robust first quarter for the fiscal year 2025, with significant growth in revenue and operating income. The report, filed with the SEC on May 16, 2024, detailed a 6.0% increase in consolidated revenue to $161.5 billion, and a 9.6% rise in operating income. Adjusted operating income saw an even higher increase of 13.7%. A notable surge in eCommerce sales, up 21% globally, was led by store-fulfilled pickup & delivery and marketplace. Walmart U.S. comparable sales rose by 3.8%, and the company's global advertising business grew by 24%. Adjusted EPS was reported at $0.60, excluding certain investment gains and business reorganization charges. Walmart also provided guidance for the second quarter and updated its outlook for FY25, expecting to be at the high-end or slightly above its previous guidance for net sales and operating income growth. The company's financial condition as of April 30, 2024, was also disclosed, with cash and cash equivalents at $9.4 billion and total debt at $50.1 billion. Walmart repurchased 18.0 million shares for $1.1 billion, with $15.5 billion remaining of its $20 billion authorization approved in November 2022.