Summary by Futu AI
Walmart Inc. reported a solid financial performance for the first quarter of fiscal year 2025, with net sales increasing by 5.9% to $159.9 billion compared to $151 billion in the same period last year. The company's operating income saw a significant rise of 9.6%, reaching $6.84 billion, while gross profit as a percentage of net sales improved to 24.1% from 23.7%. The U.S. segment was a strong contributor, with a 4.9% rise in comparable sales, including a 2.9% positive impact from eCommerce. Sam's Club also reported a 4.6% increase in comparable sales, with eCommerce contributing 1.7%. Walmart International experienced a 12.1% surge in net sales, driven by positive comparable sales across all markets and favorable currency exchange rates. The company's strategic focus on growth, margin improvement, and returns is...Show More