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Adjusted EPS Financial Overview

YOUNG MEN Women's Apparel Gross Profit Rate Gross Profit Rate -18bps to 23.7% 23.8% 23.7% 23.7% 23.5% 22.9% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Y/Y Change -87bps -132bps -89bps -83bps -18bps • Gross profit rate declined primarily due to mix of sales globally, partially offset by normalization of supply chain and freight costs in the U.S., and favorable business mix from higher margin initiatives Sales mix negatively affected by a shift from general merchandise to grocery and health & wellness, including nearly 360 bps shift in Walmart U.S.

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