Walmart Upgrades Annual Forecast in Q2 Earnings Report Buoyed by Strong Revenue Growth
Global retailer records $169.3 billion revenue in quarter ended July 31, 2024
By News Desk
Published - Aug 15, 2024, 10:41 AM ET
Last Updated - Aug 15, 2024, 11:25 AM EDT
Walmart Inc [WMT] has reported a $4.5 billion profit for Q2 that ended July 31, 2024, a decrease of $600 million from the previous quarter.
The company said in its 8-K filing to the SEC dated August 15, 2024, that it generated revenue of $169.3 billion, an increase of $7.8 billion from the last quarter.
Walmart headquartered in Bentonville, Arkansas, reported $0.67 earnings per share during the quarter, compared to $0.63 in the previous period.
The global retailer has been hit by an 11.8 percent decline in profit despite the 4.8 percent revenue growth over the first quarter that ended on April 30.
