Catenaa, Thursday, February 20, 2025 – Walmart global sales grew by 16% in 2024, the earnings report for the fourth quarter released on Thursday showed, as the e-commerce giant records more than expected profits FY2025.
Walmart’s global e-commerce sales grew 16%, led by store-fulfilled pickup & delivery and the US marketplace, while growth was negatively affected by the timing of Flipkart’s Big Billion Days sales event.
The company recorded Revenue of $180.6 billion, up 5.3% while the annual revenue exceeded Wall Street expectations with $ Revenue of $681.0 billion, up 5.6% from FY24.
Our team finished the year with another quarter of strong results. We have momentum
driven by our low prices, a growing assortment, and an e-commerce business driven by faster delivery times, President and CEO at Walmart, Doug McMillon added that the company is gaining market share, and their top line is healthy, and in great shape with inventory.
He said Walmart will stay focused on growth, improving operating margins, and strengthening ROI as it invests to serve the customers and members even better.”
The Global advertising business grew 27% to $ 4.4 billion in 2024, while operating income is up $ 2.3 billion or 8.6%.
The return on investment of the company is at 15.5%, up 50 bps from the previous year.
Walmart shares sank 8% in pre-market trading after the report on Thursday, Walmart stock has soared over 75% in the past year, compared to a 23% gain for the S&P 500 and a 13% drop at rival Target.
Looking ahead, the Company issues guidance for FY26 with net sales expected to grow 3% to 4% and adjusted operating income in constant currency to grow 3.5% to 5.5%, including a headwind of 150 basis points from the acquisition of VIZIO Holding Corp. and lapping leap year.
