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The Daily Earnings Reports Podcast is your go-to podcast for the latest corporate financial news. Every trading day, we dive deep into the earnings reports of publicly traded companies, breaking down key metrics, analyzing market reactions, and offering expert insights. Stay informed, make informed investment decisions, and gain a competitive edge in the dynamic world of finance.
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Wednesday Nov 20, 2024
Walmart (WMT) Q3 2024 Earnings Breakdown
Wednesday Nov 20, 2024
Wednesday Nov 20, 2024
Key Highlights:
- Global eCommerce Sales: Continued impressive growth at 27%, driven by store-fulfilled pickup & delivery and marketplace expansion.
- Walmart U.S. Comp Sales: Increased by a healthy 5.3%, demonstrating broad-based strength across merchandise categories and channels.
- Strong Transaction Growth: Both Walmart U.S. and Sam's Club saw positive transaction growth, indicating increased customer engagement.
- Global Advertising Business: Showed strong performance, growing 28%, including 26% growth for Walmart Connect in the U.S.
- Inventory Management: Global inventory decreased by 1.0%, reflecting efficient inventory control while maintaining healthy in-stock levels.
Version: 20241125
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