Walmart Inc. SEC 10-Q Report
Walmart Inc., a global leader in retail, has released its Form 10-Q report for the second quarter of the fiscal year, showcasing robust financial and operational performance. The report highlights significant growth in revenues and net income, alongside strategic business initiatives that continue to drive the company's success in both domestic and international markets.
Financial Highlights
Total Revenues: Walmart Inc. reported total revenues of $177,402 million, marking a 4.8% increase compared to the same period in the previous fiscal year. This growth was primarily driven by strong positive comparable sales in U.S. segments and international markets.
Gross Profit: The company achieved a gross profit of $42,979 million, representing a gross profit rate of 24.5%. This is an increase of 4 basis points, attributed to disciplined inventory management and growth in higher margin businesses.
Operating Income: Operating income stood at $7,286 million, reflecting an 8.2% decrease from the previous year. This decline was mainly due to higher self-insured general liability claims expense and legal charges.
Consolidated Net Income: Walmart's consolidated net income increased by $2.4 billion to $7,151 million, driven by net gains in the fair value of investments.
Diluted Net Income Per Common Share Attributable to Walmart: The diluted net income per common share was $0.88, an increase of $0.32 compared to the previous year, reflecting the overall rise in net income.
Business Highlights
Revenue Segments: The Walmart U.S. segment reported net sales of $120.9 billion for the three months ended July 31, 2025, with significant contributions from grocery, general merchandise, and health and wellness categories. The Walmart International segment achieved net sales of $31.2 billion, with notable performance in Mexico and Central America, China, and Canada. Sam's Club U.S. reported net sales of $23.6 billion, driven by grocery and general merchandise.
Geographical Performance: Walmart International experienced a 5.5% increase in net sales for the three months ended July 31, 2025, with strong performance in China and Canada. However, sales were negatively impacted by currency exchange rate fluctuations, particularly affecting the Mexico and Central America markets.
Sales Units: The Walmart U.S. segment maintained a stable unit count of 4,606 stores, while the Walmart International segment increased its unit count to 5,591, reflecting expansion efforts. Sam's Club U.S. operated 600 units, showing a slight increase from the previous year.
New Product Launches: The Walmart U.S. segment saw growth in eCommerce net sales, contributing approximately 4.0% to comparable sales, driven by store-fulfilled pickup and delivery services.
Future Outlook: Management anticipates continued growth in eCommerce and omnichannel initiatives, with a focus on enhancing customer engagement through Walmart+ and Sam's Club memberships. The company is also investing in technology and process improvements to drive productivity and manage inventory effectively.
SEC Filing: Walmart Inc. [ WMT ] - 10-Q - Aug. 29, 2025