Walmart (WMT) stock jumps on earnings beat, strong eCommerce growth

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Go back to Walmart (WMT) stock jumps on earnings beat, strong eCommerce growth

Bob Moritz, Former PricewaterhouseCoopers Chairperson, Named to Walmart Board of Directors

August 15, 2024 7:03 AM EDT

BENTONVILLE, Ark.--(BUSINESS WIRE)-- Walmart Inc. (NYSE: WMT) announced that its Board of Directors has appointed Bob Moritz, retired Chairperson of PricewaterhouseCoopers (PwC), as a new member of the companys Board, effective today. Moritz becomes the 12th member of the Board. He will become a member of the Audit Committee and the Technology and eCommerce Committee.

We are a people-led, tech-powered, omnichannel retailer dedicated to helping people save money and live better. As we continue to build on this foundation while defining the future of retail, its important to... More

Walmart reports strong revenue growth of 4.8% with operating income growing faster at 8.5%; adjusted operating income up 7.2%

August 15, 2024 7:02 AM EDT

eCommerce up 21% globally

GAAP EPS of $0.56; Adjusted EPS of $0.67

Company issues guidance for Q3; Raises outlook for FY25

BENTONVILLE, Ark.--(BUSINESS WIRE)-- Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240814292937/en/

Second Quarter Highlights:

Consolidated revenue of $169.3 billion, up 4.8%, or... More