Summary

Walmart Beats

Walmart (WMT) reported Quarter January 2024 earnings of $1.80 per share on revenue of $173.4 billion. The consensus earnings estimate was $1.65 per share on revenue of $170.2 billion. The Earnings Whisper number was $1.68 per share. Revenue grew 5.7% on a year-over-year basis.

The company said it expects first-quarter earnings of $1.48 to $1.56 per share on revenue of $158.39 billion to $159.92 billion and fiscal 2025 earnings of $6.70 to $7.12 per share on revenue of $667.57 billion to $674.05 billion. The current consensus estimate is earnings of $1.59 per share on revenue of $157.07 billion for the quarter ending April 30, 2024 and earnings of $6.98 per share on revenue of $666.29 billion for the year ending January 31, 2025.

Wal-Mart Stores Inc, operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam' Club in three categories retail, wholesale and others.

Earnings Release

Walmart reports strong revenue growth of 5.7% with operating income growing faster at 30.4%; adjusted operating income up 13.2%

eCommerce up 23% globally, surpassing $100 billion for the year

GAAP EPS of $2.03; Adjusted EPS of $1.80

Company provides outlook for Q1 and FY25

Company raises annual dividend 9%

BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240219441762/en/

Fourth-quarter highlights:

Consolidated revenue of $173.4 billion, up 5.7%, or 4.9% (cc)
Consolidated gross margin rate up 39bps due to improvement at Walmart U.S.
Consolidated operating income up $1.7 billion, or 30.4%; adjusted operating income up 13.2%, positively affected by currency and LIFO of 2.3% and 1.0%, respectively
Global eCommerce sales grew 23%
Global advertising business grew approximately 33%, including 22% for Walmart Connect in the U.S.
Adjusted EPS of $1.80 excludes the effect, net of tax, from a net gain of $0.23 on equity and other investments
Walmart agrees to buy VIZIO HOLDING CORP. to further accelerate Walmart Connect in the U.S.

Full year highlights:

Consolidated revenue of $648.1 billion, up 6.0%, or 5.5% (cc)
Global advertising business grew approximately 28% to reach $3.4 billion
Consolidated operating income up $6.6 billion, or 32.2%; adjusted operating income up 10.2%, growing faster than sales
ROA at 6.6%; ROI at 15.0%, up 230 bps
GAAP EPS of $5.74; Adjusted EPS of $6.65

The company will hold a live conference call with the Investment Community at 7 a.m. CST Tuesday, Feb. 20, 2024, to discuss the company’s fourth quarter earnings results for fiscal year 2024. The event will be webcast live and is accessible by visiting https://corporate.walmart.com/news/events and selecting the Fourth Quarter Earnings Release event. The webcast will be archived and available on the company website.

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 approximately 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/walmart, and on LinkedIn at linkedin.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20240219441762/en/

Investor Relations Contacts
Steph Wissink
Senior Vice President, Investor Relations
ir@walmart.com

Kary Brunner
Sr. Director, Investor Relations

Media Relations Contact
Kasey Anderson
Director, Global Communications
800-331-0085

Source: Walmart Inc.