Q: What is Wal-Mart(WMT) 2025Q2 Earnings Summary?
**Bullish Points:**
1. **Revenue Growth:**
- Net sales for the three months ended July 31, 2024, were $167,767 million, up from $160,280 million in the same period in 2023.
- Total revenues for the six months ended July 31, 2024, increased by 5.4% to $330,843 billion.
- Walmart U.S. net sales increased to $115,347 million for the three months ended July 31, 2024, from $110,854 million in the same period in 2023.
- Walmart International net sales increased to $29,567 million for the three months ended July 31, 2024, from $27,596 million in the same period in 2023.
- Sam's Club net sales increased to $22,853 million for the three months ended July 31, 2024, from $21,830 million in the same period in 2023.
2. **Operating Income:**
- Operating income for the three months ended July 31, 2024, was $7,940 million, compared to $7,316 million in the same period in 2023.
- Operating income for the six months ended July 31, 2024, increased to $14,781 billion from $13,556 billion in the previous year.
3. **eCommerce Sales:**
- Walmart U.S. eCommerce sales were approximately $18.9 billion for the three months ended July 31, 2024, up from $15.5 billion in the same period in 2023.
- Walmart International eCommerce sales were approximately $6.8 billion for the three months ended July 31, 2024, up from $5.8 billion in the same period in 2023.
- Sam's Club eCommerce sales were approximately $3.0 billion for the three months ended July 31, 2024, up from $2.4 billion in the same period in 2023.
4. **Dividends:**
- Dividends declared per common share for the six months ended July 31, 2024, were $0.83, up from $0.76 in the same period in 2023.
5. **Return on Investment (ROI) and Return on Assets (ROA):**
- ROI increased to 15.1% for the trailing 12 months ended July 31, 2024, from 12.8% in the previous year.
- ROA increased to 6.4% for the trailing 12 months ended July 31, 2024, from 5.6% in the previous year.
6. **Share Repurchase Program:**
- During the six months ended July 31, 2024, the company repurchased 33.3 million shares at an average price of $62.15 per share, totaling $2,072 million.
**Bearish Points:**
1. **Net Profit Decline:**
- Consolidated net income attributable to Walmart for the three months ended July 31, 2024, was $4,501 million, down from $7,891 million in the same period in 2023.
- Basic net income per common share attributable to Walmart was $0.56 for the three months ended July 31, 2024, compared to $0.98 in 2023.
2. **Operating Costs:**
- Cost of sales for the three months ended July 31, 2024, was $126,810 million, up from $121,850 million in the same period in 2023.
- Operating, selling, general, and administrative expenses for the three months ended July 31, 2024, were $34,585 million, up from $32,466 million in 2023.
3. **Cash Flow:**
- Net cash provided by operating activities for the six months ended July 31, 2024, was $16,357 million, compared to $18,201 million in the same period in 2023.
- Net cash used in investing activities for the six months ended July 31, 2024, was $10,128 million, compared to $9,909 million in the same period in 2023.
- Net cash used in financing activities for the six months ended July 31, 2024, was $6,945 million.
4. **Debt Changes:**
- Short-term borrowings increased to $3,195 million as of July 31, 2024, from $878 million as of January 31, 2024.
- Long-term debt decreased to $35,364 million as of July 31, 2024, from $36,132 million as of January 31, 2024.
5. **Legal Proceedings:**
- The company is involved in various legal proceedings, including opioid-related litigation, which may impact its financial condition and results of operations.
**Summary:**
Walmart's financial report for the period ending July 31, 2024, presents a mixed outlook. On the positive side, the company has shown strong revenue growth across its segments, increased operating income, and significant growth in eCommerce sales. Additionally, the company has increased its dividends and demonstrated strong returns on investment and assets. The share repurchase program also indicates confidence in the company's future performance.
However, there are notable concerns, including a significant decline in net profit and increased operating costs. Cash flow from operating activities has decreased, and there has been an increase in short-term borrowings. The company is also facing various legal proceedings, which could potentially impact its financial condition.
For more information, you can read the original text of Walmart's financial report [here](https://www.sec.gov/Archives/edgar/data/104169/000010416924000141/wmt-20240731.htm).
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