Monday, December 4, 2023

Walmart earns US$13,556 million in its first fiscal semester, 11.4% more

The American chain of commercial surfaces Walmart It obtained operating income in its first fiscal semester of 2024 of US$13,556 million, 11.4% more than in the same period last year.

In a report published this Thursday and which includes the economic results from February to June of this year, Walmart announced some total revenue of US$31,933 million6.6% more year-on-year.

In the second quarter, the data most closely watched by Wall Street, operating income was 7,316, 6.7% more than a year ago, while total income was 160,2805.9% more year-on-year.

Walmart Chairman and CEO doug mcmillonstressed in a statement that the company obtained another “strong quarter”.

McMillon also noted that the electronic commerce increased 24% globally.

We’re in good shape with inventory and we like our position for the second half of the year,” concluded McMillon.

Looking ahead, Walmart said it now expects the net sales consolidated sales for the full fiscal year increase between 4% and 4.5%.

After knowing its results, Walmart shares fell 0.76% in electronic operations prior to the opening of the Wall Street Stock Exchange.


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