Summary by Moomoo AI
Walmart Inc. has released its Annual Report for the fiscal year ended January 31, 2024, showcasing strong financial performance and significant growth. CEO Doug McMillon highlighted the company's people-led, tech-powered strategy, which has resulted in a 20% increase in operating income and a 6% rise in membership income. Walmart's revenues reached $100 billion, with eCommerce sales surging by 32% and advertising revenue growing by 28%. The company also reported a positive environmental impact, with 1 billion tonnes of CO2e emissions addressed through Project Gigaton since 2017. The Annual Shareholders’ Meeting is scheduled for June 5, 2024, in a virtual format. Walmart's stock performance has outpaced the S&P 500 Consumer Discretionary Distribution & Retailing Index over the past five years, with a cumulative total return significantly higher than the index. The company has also announced a dividend schedule for fiscal 2025, maintaining its commitment to shareholder returns. Walmart's common stock experienced a high of $56.65 and a low of $44.00 during fiscal 2024, with a notable 3-for-1 forward stock split occurring on February 23, 2024.