.August 15, 2024 10:26 AM

Walmart (NYSE:WMT) exceeded second-quarter earnings expectations, driving shares up over 7% today. The company reported adjusted earnings per share of $0.67, beating estimates, with revenue hitting $169.3 billion, a 4.8% increase year-over-year. Global eCommerce sales surged by 21%, supported by strong demand for pickup and delivery services. Operating income rose by 8.5%, driven by higher gross margins and reduced eCommerce losses. Walmart provided guidance for the third quarter, expecting earnings per share slightly below analyst consensus, but raised its full-year fiscal 2025 outlook, projecting improved earnings and sales growth. The company also reported a 2% reduction in global inventory, showcasing enhanced supply chain management.