Walmart, in its fiscal 2024 annual financial report, disclosed a 6.1% increase in net sales to $642.6 billion compared to the previous year. The company's operating income surged by 32.2% to $27 billion, with operating income as a percentage of net sales rising to 4.2%. Gross profit rate improved slightly to 23.7%. Walmart U.S. segment saw a 5.1% rise in net sales, while the International segment experienced a significant 13.5% increase. Sam's Club segment reported a 2.2% growth in net sales, including fuel. The company's strategic focus on automation and supply chain investments, as well as diversification of earnings streams, was highlighted. Walmart also completed key divestitures and increased ownership in PhonePe. Despite a competitive retail landscape, Walmart emphasized its commitment to low prices and cost management. The company expects ongoing uncertainties due to macroeconomic conditions but remains focused on growth through omni-channel experiences, margin improvement, and ROI. Capital expenditures for fiscal 2025 are projected to be between $20 billion to $24 billion, focusing on technology, supply chain, and customer initiatives.

Walmart, in its fiscal 2024 annual financial report, disclosed a 6.1% increase in net sales to $642.6 billion compared to the previous year. The company's operating income surged by 32.2% to $27 billion, with operating income as a percentage of net sales rising to 4.2%. Gross profit rate improved slightly to 23.7%. Walmart U.S. segment saw a 5.1% rise in net sales, while the International segment experienced a significant 13.5% increase. Sam's Club segment reported a 2.2% growth in net sales, including fuel. The company's strategic focus on automation and supply chain investments, as well as diversification of earnings streams, was highlighted. Walmart also completed key divestitures and increased ownership in PhonePe. Despite a competitive retail landscape, Walmart emphasized its commitment to low prices and cost management. The company expects ongoing uncertainties due to macroeconomic conditions but remains focused on growth through omni-channel experiences, margin improvement, and ROI. Capital expenditures for fiscal 2025 are projected to be between $20 billion to $24 billion, focusing on technology, supply chain, and customer initiatives.