Walmart — Nov 19, 2024 release

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 fiscal year 2024 revenue of $648 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X (formerly known as Twitter) at twitter.com/walma