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Walmart Shares Q1 Fiscal Year 2025 Results; Doug McMillon and John David Rainey Comment

Walmart Shares Q1 Fiscal Year 2025 Results; Doug McMillon and John David Rainey Comment


BENTONVILLE, AR
Monday, May 20th, 2024

A net sales increase of $4.8 billion, rising from $103.9 billion in 2024 to $108.7 billion, headlined Walmart’s recent first quarter fiscal year 2025 financial report. Some of the company’s top executives commented on how strategy drove this growth.

Doug McMillon, President and Chief Executive Officer, Walmart"Our team delivered a great quarter. Around the world, our goal is simple—we’re focused on saving our customers both money and time,” said Doug McMillon, President and Chief Executive Officer. “It’s inspiring to see how our associates are simultaneously executing the fundamentals and innovating to make shopping with us more enjoyable and convenient. We’re people-led and tech-powered, and that combination is propelling our business."

A report from Walmart emphasized that the retailer is building customer trust by designing convenient, enjoyable omnichannel experiences. The company is reportedly using automation and operating discipline to drive higher returns in future quarters.

The retailer recently detailed some of its latest moves in its first quarter fiscal year 2025 financial report

Other highlights from the report include:

  • Strong revenue growth of 6 percent with operating income growing faster at 9.6 percent; adjusted operating income up 13.7 percent
  • E-commerce up 21 percent globally, led by store-fulfilled pickup and delivery and marketplace
  • GAAP EPS of $0.63; Adjusted EPS of $0.601

John David Rainey, Executive Vice President and Chief Financial Officer, Walmart“Our strong results this quarter clearly demonstrate the power of our global omni-retail capabilities and the team’s ability to execute with discipline,” said John David Rainey, Executive Vice President and Chief Financial Officer. “As we continue to reshape our business model, we’re focused on strategically investing in areas that reinforce our purpose and growth strategy.”

For more from the report, click here.

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