Walmart's Q2 revenue up by 4.8% to $169.3 billion - Breaking The News

Walmart's Q2 revenue up by 4.8% to $169.3 billion

15 August

1 min read

EPA-EFE/JUSTIN LANE

Walmart Inc. announced on Thursday that its revenue in what the store chain calculates as the second quarter of its fiscal year 2025 observed an annual rise of 4.8% to reach $169.3 billion. The company's net sales increased by 4.1% compared to the same trimester in 2024 to hit $115.3 billion, while its operating income went up by 7.8% to $6.6 billion. On the other hand, its diluted earnings per share (EPS) sank by 42.3% year-on-year to $0.56.

"Each part of our business is growing – and our newer businesses are diversifying our profits and reinforcing the resilience of our business model," President and Chief Executive Officer (CEO) Doug McMillon said. Moreover, the company announced it appointed former PricewaterhouseCoopers International Limited (PwC) Chairperson Bob Moritz to its Board of Directors.

Following the release of the report, Walmart's shares soared by 6.28% in premarket trading.

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