Walmart — Nov 19, 2024 release

The Company’s full year guidance assumes a generally stable consumer and continued pressure from its mix of products and formats globally. Consolidated Metric FY 2025 as of Nov. 19, 2024 FY 2025 as of Aug. 15, 2024 FY 2025 as of Feb. 20, 2024 Net sales (cc) Increase 4.8% to 5.1% Increase 3.75% to 4.75% Increase 3.0% to 4.0% Adj. operating income (cc) Increase 8.5% to 9.25% Increase 6.5% to 8.0% Increase 4.0% to 6.0% Interest, net Approximately flat to last year Increase approximately $100M Increase approximately $100M to $200M Effective tax rate Approximately 24.5% Lower-end of original guidance Approximately 25.0% to 26.0% Non-controlling interest Unchanged from original guidance Unchanged from original guidance Relatively flat Adjusted EPS $2.42 to $2.47 $2.35 to $2.43 $2.23 to $2.37 Capital expenditures Unchanged from original guidance Unchanged from original guidance Approximately 3.0% to 3.5% of net sales 1 For relevant reconciliations, see Q4 FY24 earnings release furnished on Form 8-K on February 20, 2024. Per share amounts have been retroactively adjusted to reflect the February 23, 2024 stock split. cc - constant currency 5 About Walmart Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 255 million customers and members visit more than 10,500 stores and numerous eCommerce websites in 19 countries. With