Walmart Attains Significant Revenue and Profit Growth in Third Quarter.
The company reported substantial growth in e-commerce, with a 27% increase driven primarily by in-store pickup and delivery services. Walmart’s total revenue reached $167.588 billion, representing a 5.5% year-on-year increase. Net profit for the quarter grew by 910.4%, reaching $4.577 billion, up from $453 million in the previous year.
A Strong Quarter Performance
“We have had a strong quarter, continuing our momentum. Walmart’s employees strive to save people time and money while transforming the business,” stated Doug McMillon, President and CEO of Walmart. “Our teams are executing and delighting our customers and members with the value and convenience they expect from Walmart.”
Sales Performance and Growth
In the United States, Walmart reported $441.8 billion in total sales during the fiscal year, with a 17% growth in online sales. The pickup and delivery service was the primary driver of this growth. Walmart Connect ad sales also saw a significant 22% increase.
Walmart US net sales experienced a 5.3% growth, driven by a 5% increase in store sales and a 22% increase in e-commerce sales. The average ticket value also rose by 2.1%. Walmart Connect advertising sales continued to grow, with a 28% increase.
Walmart International sales grew by 12.4%, driven primarily by Flipkart, Walmex, and China. The international division’s e-commerce sales increased by 43%.
Revised Guidance for Fiscal Year 2025
Walmart has raised its guidance for fiscal year 2025, with net sales expected to grow between 4.8% and 5.1% and adjusted operating income increasing by 8.5% to 9.25% in constant currency. The company now expects net sales to grow between 4.8% and 5.1% for the full year.