Walmart revenue up 7.3% globally with broad-based strength across segments; Walmart U.S. grew comp sales 8.3%, with eCommerce growth of 17%; Q4 FY23 GAAP EPS of $2.32; Adjusted EPS of $1.71; Company provides outlook for Q1 and FY24
Fourth-quarter highlights:
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Walmart delivered strong revenue growth globally with strength in stores and eCommerce. Total revenue was , up$164.0 billion 7.3% , or7.9% in constant currency. -
Walmart U.S . comp sales grew8.3% and13.9% on a two-year stack. eCommerce growth was17% and18% on a two-year stack. Continued to gain market share in grocery. -
Sam’s Club comp sales increased
12.2% , and22.6% on a two-year stack. Membership income increased7.1% with member count at an all-time high. -
Walmart International net sales were , an increase of$27.6 billion 2.1% and negatively affected by from currency fluctuations, while constant currency sales were$0.9 billion , an increase of$28.5 billion 5.5% . Walmex,China , andCanada led the way. -
Global advertising business grew over
20% , led by41% growth atWalmart Connect in theU.S. - Consolidated gross profit rate declined 83 basis points, primarily due to markdowns and mix of sales.
- Consolidated operating expenses as a percentage of net sales decreased 44 basis points primarily due to strong sales growth and lower Covid-related costs, partially offset by reorganization and restructuring charges incurred in the International segment.
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Consolidated operating income was
, a decrease of$5.6 billion 5.5% , including the charges described above. Adjusted operating income was , an increase of$6.4 billion 6.9% . -
GAAP EPS of
; Adjusted EPS of$2.32 excludes the effects of$1.71 from net gains on equity and other investments and$1.16 from charges related to reorganization and restructuring.$0.55
Full-year highlights:
-
Total revenue was
, up$611.3 billion 6.7% , negatively affected by related to divestitures. Excluding currency, total revenue would have increased$5.0 billion 7.4% to .$615.1 billion -
Walmart U.S . comp sales increased6.6% and13.0% on a two-year stack. -
Walmart U.S . eCommerce sales grew12% and23% on a two-year stack. -
Sam’s Club comp sales increased
10.5% and20.3% on a two-year stack. Membership income increased8.6% . -
Walmart International net sales were flat and operating income declined21.1% . Net sales grew9.0% and adjusted operating income grew8.9% for retained markets on a constant currency basis. -
Global advertising business grew nearly
30% to reach , led by$2.7 billion Walmart Connect in theU.S. andFlipkart Ads. -
The company generated
in operating cash flow and returned$29.1 billion to shareholders through dividends and share repurchases.$16.0 billion -
GAAP EPS of
; Adjusted EPS of$4.27 .$6.29
The company will hold a live conference call with the Investment Community at
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Investor Relations Contacts
Senior Vice President, Investor Relations
Stephanie.Wissink@walmart.com
Sr. Director II, Investor Relations
Kary.Brunner@walmart.com
Media Relations Contact
Sr. Director,
800-331-0085
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