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Q4 2024
Walmart released its Q4 2024 financial results, noting $180.6 billion in total revenue, up 4.1% year over year. The Arkansas-based store chain also reported an operating income of $7.3 billion in Q4, up 30% from the same quarter in 2023. Walmart’s e-commerce sales jumped 20% year over year, due to higher gross margin rates, a strong increase in e-commerce and growth in its new membership platform, Walmart+.
“We have momentum driven by our low prices, a growing assortment and an e-commerce business driven by faster delivery times,” says Doug McMillion, Walmart president and CEO. “We’re gaining market share, our top line is healthy and we’re in great shape with inventory.”
Comparable sales excluding fuel increased 4% and its gross margin increased 53 basis points.
In Q4, Walmart also completed its acquisition of VIZIO, a company that designs and sells televisions, soundbars and other home theater equipment.
Fiscal 2024
Walmart reported full-year revenue of $648.1 billion, a 5.1% increase year over year, and an operating income of $27 billion.
“Our team finished the year with another quarter of strong results,” McMillion says. “We’ll stay focused on growth, improving operating margins and strengthening ROI as we invest to serve our customers and members even better.”
