Sector: Consumer Staples|Industry: Discount Stores|Market Cap: $751.66B|Employees: 2.1M
Walmart is a leading global retailer operating a network of over 10,500 stores and various e-commerce websites across 19 countries, serving approximately 255 million customers weekly. The company's core business model is based on everyday low prices (EDLP) and everyday low costs (EDLC), offering a broad assortment of merchandise and services through both physical stores and e-commerce platforms, including grocery, general merchandise, and health and wellness products. Walmart's competitive advantages include its vast scale, global supply chain, and integrated omni-channel capabilities, allowing it to offer competitive pricing and convenient shopping experiences.
Net sales increased by 5.4% to $168.0 billion for the quarter, driven by positive comparable sales in Walmart U.S., Walmart International, and Sam's Club. This indicates strong underlying demand across various segments.
Gross profit margin increased to 24.2%, up from 24.0% in the prior year, primarily driven by Walmart U.S. due to pricing strategies and growth in higher-margin businesses. This suggests improved profitability management.
Operating expenses as a percentage of net sales increased to 21.2%, up from 21.0% in the prior year, due to hurricane-related recovery expenses, higher marketing expenses, and higher variable pay. This partially offset the revenue growth and margin improvements.