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Walmart Reports Strong 8.5% Growth in Profit in Q2 Earnings Disclosure
Walmart's Consolidated Revenue Rises by 4.8% in Q2 Financial Results
Walmart Inc. [WMT] announced a strong performance in its second quarter financial results ending July 31, 2024. The retail giant reported a profit of $7.94 billion, showing an increase from the previous quarter.
The company, headquartered in Bentonville, Arkansas, reported to SEC in an 8-K filing $0.56 earnings per share in the quarter, compared to $0.97 in the previous quarter.
Walmart, a leading retailer in the industry sector, reported a consolidated revenue of $167.8 billion in the latest period. This figure marks a 4.7% increase compared to the previous quarter's revenue.
In comparison to the same quarter in the previous year, Walmart's revenue for the current quarter saw a 4.7% increase, reaching $167.8 billion. The company also experienced a 8.5% increase in profit in the current quarter when compared to the same quarter in the previous year.
As of August 14, 2024 end of day trading.
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