Consumer Staples
Discount Stores
$751.66B
2.1M
Key insights and themes extracted from this filing
Total revenue increased by 6.0% to $648.1 billion, driven primarily by a 6.1% increase in net sales. This growth was fueled by positive comparable sales in both the Walmart U.S. and Sam's Club segments, along with growth in international markets.
The gross profit rate increased by 27 basis points in FY24, primarily due to Walmart U.S.'s performance. This was attributed to strategic pricing aligned with competitive gaps and a favorable comparison to the prior year, which included higher markdowns.
Operating income increased by $6.6 billion (32%) to $27 billion in FY24. This was driven by factors such as lapping prior-year charges related to opioid settlements and business restructuring, as well as improved business performance.