US retail giant Walmart expects 4% net sales growth in Q2 FY24

However, despite the growth in net sales, Walmart predicts a decline of approximately 2 per cent in consolidated operating income for Q2 FY24, the company said in a media release.

Furthermore, Walmart's adjusted earnings per share (EPS) guidance for Q2 FY24 is set at a range of $1.63 to $1.68.

For FY24, the company anticipates a consolidated net sales increase of approximately 3.5 per cent in constant currency.

In contrast to the projected decline in Q2 FY24, Walmart expects consolidated operating income to increase by approximately 4-4.5 per cent for FY24. Additionally, the company foresees an increase of around $600 million in net interest expenses compared to the previous year.

Walmart's adjusted EPS guidance for FY24 is set at a range of $6.10 to $6.20. In terms of capital expenditures, the company projects a flat to slightly increased level compared to the previous year, remaining consistent with its prior guidance.

ALCHEMPro News Desk (DP)