Walmart Shares Quarter 1 Fiscal Year 2025 Results; Doug McMillon and John David Rainey Comment


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Fri. May 17th, 2024 - by Melissa De Leon Chavez

BENTONVILLE, AR - Walmart’s latest quarterly results were driven by strategy. The retailer recently detailed some of its latest moves in its first quarter fiscal year 2025 financial report. One of its most notable highlights was a net sales increase of $4.8 billion, growing from $103.9 billion in 2024 to $108.7 billion.

Doug McMillon, President and Chief Executive Officer, Walmart
Doug McMillon, President and Chief Executive Officer, Walmart

"Our team delivered a great quarter. Around the world, our goal is simple—we’re focused on saving our customers both money and time,” said Doug McMillon, President and Chief Executive Officer. “It’s inspiring to see how our associates are simultaneously executing the fundamentals and innovating to make shopping with us more enjoyable and convenient. We’re people-led and tech-powered, and that combination is propelling our business."

A report from Walmart emphasized that the retailer is building customer trust by designing convenient, enjoyable omnichannel experiences. The company is reportedly using automation and operating discipline to drive higher returns in future quarters.

The retailer recently detailed some of its latest moves in its first quarter fiscal year 2025 financial report

Other highlights from the report include:

  • Strong revenue growth of 6 percent with operating income growing faster at 9.6 percent; adjusted operating income up 13.7 percent
  • E-commerce up 21 percent globally, led by store-fulfilled pickup and delivery and marketplace
  • GAAP EPS of $0.63; Adjusted EPS of $0.601
John David Rainey, Executive Vice President and Chief Financial Officer, Walmart
John David Rainey, Executive Vice President and Chief Financial Officer, Walmart

“Our strong results this quarter clearly demonstrate the power of our global omni-retail capabilities and the team’s ability to execute with discipline,” said John David Rainey, Executive Vice President and Chief Financial Officer. “As we continue to reshape our business model, we’re focused on strategically investing in areas that reinforce our purpose and growth strategy.”

For more from the report, click here.

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