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
Walmart Inc (NYSE:WMT) shares are trading higher on Thursday after the company announced strong second-quarter 2025 results and raised full-year guidance.
沃爾瑪股票 (紐交所:WMT) 在週四交易上漲，原因是公司公佈了2025年第二季度業務強勁的業績，同時提高了全年業績預期。
The retailer reported adjusted EPS of $0.67 (+9.8% Y/Y), beating the consensus of $0.64.
該零售商報告了每股收益$0.67（同比增長9.8％），超出了$0.64的市場共識。
Sales were $169.34 billion, up 4.8% year over year or 5.0% (at constant currency), beating the consensus of $168.57 billion.
銷售額爲1693.4億美元，同比增長4.8％或（按不變匯率計算）增長5.0％，超出了1685.7億美元的市場共識。
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個點子，得益於沃爾瑪美國和沃爾瑪國際業務發展的提高。
Read: Walmart Q2 Earnings Preview: This 'Safe-Haven' Stock Is 'One Of The Few Beat-And-Raise Stories In Retail'
閱讀：沃爾瑪Q2盈利預覽：這是零售業中「少數的超預期股票」。
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.
營業收入增加了6億美元，或8.5％，調整後的營業收入增長了7.2％，得益於毛利率上升、會員收入的增長以及電子商務損失的減少。
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.
全球電子商務銷售增長了21％，得益於門店提供物流自提和送貨服務以及市場增長。全球廣告業務增長了26％，其中美國沃爾瑪聯合業務增長了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.
沃爾瑪美國同店銷售額同比增長4.2％，不包括油品，得益於線上線下交易次數和銷售數量增加。
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.
薩姆會員店同店銷售額同比上升5.2％，不包括油品，食品和健康及健康保健品類成長迅速，同時交易次數和銷售數量增加。
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."
總裁兼首席執行官Doug McMillon表示：「我們的市場、廣告和會員等新業務也在爲我們的利潤做出貢獻，增強了我們的業務模式的彈性。」
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.
沃爾瑪截至2024年7月31日的六個月內，產生了164億美元的營業現金流和59億美元的自由現金流。該季度以88億美元的現金及其等價物而結束。
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.
業績展望：沃爾瑪預計第三季度調整後的每股收益爲$0.51至$0.52，而市場共識爲$0.55，其銷售前景爲1645.8億美元至1661.7億美元，而市場預計爲1671.1億美元。
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.
對於2025財年，這家大型零售商將其調整後的每股收益展望提高至$2.35至$2.43（從$2.23至$2.37），市場共識爲$2.43。
Walmart boosted FY25 net sales (at constant currency) growth guidance to 3.75%-4.75% from 3.0%- 4.0%.
沃爾瑪將2025年淨銷售額（按不變匯率計）增長預期從3.0％-4.0％上調至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，沃爾瑪披露，普華永道（PwC）的退休主席Bob Moritz已於今天被任命爲董事會成員。
Price Action: WMT shares are up 6.61% at $73.20 premarket at the last check on Thursday.
股價走勢：截至週四的盤前交易中，沃爾瑪股票上漲6.61％，最後報價爲每股73.20美元。
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Image from Shutterstock
來自Shutterstock的圖片