Summary by Moomoo AI
Walmart reported robust financial results for Q1 FY2025 ended April 30, 2024, with total revenue increasing 6% to $161.5 billion. Net sales rose 5.9% to $159.9 billion, driven by strong comparable sales growth of 4.9% in U.S. stores. Operating income grew 9.6% to $6.8 billion, while consolidated net income surged to $5.3 billion from $1.9 billion last year.The Walmart U.S. segment delivered 4.9% comparable sales growth, with eCommerce sales contributing 2.9% to comparable sales. Gross profit margin expanded 42 basis points, benefiting from disciplined inventory management and favorable business mix. The International segment saw net sales increase 12.1% to $29.8 billion, with positive comparable sales across all markets.Sam's Club posted 4.6% comparable sales growth, with strong performance in grocery, consumables and health categories. Membership income showed robust growth globally, while operating expenses as a percentage of sales increased 40 basis points due to higher compensation costs and business reorganization expenses. The company maintained its strong liquidity position with operating cash flow of $4.2 billion for the quarter.
