Walmart Inc. (NYSE:WMT) Q2 2024 Earnings Conference Call August 17, 2023 8:00 AM ET
Company Participants
Steph Wissink - Senior Vice President, Investor Relations
Doug McMillon - CEO
John David Rainey - CFO
John Furner - CEO, Walmart U.S.
Judith McKenna - CEO, Walmart International
Kathryn McLay - CEO, Sam's Club
Conference Call Participants
Robbie Ohmes - Bank of America
Katharine McShane - Goldman Sachs
Oliver Chen - TD Cowen
Rupesh Parikh - Oppenheimer
Paul Lejuez - Citi
Simeon Gutman - Morgan Stanley
Kelly Bania - BMO Capital Markets
Edward Yruma - Piper Sandler
Seth Sigman - Barclays
Corey Tarlowe - Jefferies
Krisztina Katai - Deutsche Bank
Michael Lasser - UBS
Operator
Greetings. Welcome to Walmart's Fiscal Year 2024 Second Quarter Earnings Call. [Operator Instructions] Please note this conference is being recorded.
At this time, I will now turn the conference over to Steph Wissink, Senior Vice President, Investor Relations. Steph, you may now begin.
Steph Wissink
Thank you, and welcome, everyone. We're excited to discuss with you the results of a strong second quarter and our upwardly revised outlook for the year.
Joining me are Walmart's CEO, Doug McMillon, and CFO, John David Rainey. Following prepared remarks from Doug and John David, we'll take your questions. At that time, we will be joined by our segment CEOs: John Furner from Walmart U.S., Judith McKenna from Walmart International, and Kath McLay from Sam's Club.
[Operator Instructions] Today's call is being recorded, and management may make forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from these statements. These risks and uncertainties include, but are not limited to, the factors identified in our filings with the SEC. Please review our press release and accompanying slide presentation for a cautionary statement regarding forward-looking statements, as well as our entire Safe Harbor statement and non-GAAP reconciliations on our website at stock.walmart.com.
Thank you for your interest in Walmart. Doug, we are now ready to begin.
Doug McMillon
Good morning, everyone and thanks for joining us.
We had another strong quarter. We're gaining share across markets and formats, growing units sold, transaction counts are positive across markets and growth in operating income is outpacing sales. We're really pleased with our first half performance.
For the quarter, comp sales for Walmart U.S. were ahead of where we thought they'd be at 6.4%. Sam's Club U.S. was 5.5% and sales for international were up 11%, led by double-digit growth at Walmex and China. Flipkart's GMV was also strong. The team is driving results in the short-term and building for the future.