Walmart Q4 Revenue Up 7.3% Globally

• Walmart revenue up 7.3% globally with broad-based strength across segments
• Walmart U.S. grew comp sales1 8.3%, with eCommerce growth of 17%
• Q4 FY23 GAAP EPS of $2.32; Adjusted EPS2 of $1.71
• Company provides outlook for Q1 and FY24

Walmart has published Q4 2023 earnings, covering the 13-week period ended January 27, 2023 (compared to the 13-week period ended January 28, 2022) and excluding fuel.

Total Revenue: Total revenue was $164.0 billion, up 7.3%, or 7.9% in constant currency2.

U.S. Comp Sales: Walmart U.S. Q4 comp sales1 grew 8.3% and 13.9% on a two-year stack. Continued to gain market share in grocery.

Walmart U.S. eCommerce: Walmart U.S. eCommerce growth was 17% and 18% on a two-year stack.

Sam's Club Comp Sales: Sam’s Club comp sales1 increased 12.2%, and 22.6% on a two-year stack. Membership income increased 7.1% with member count at an all-time high.

Walmart International: Walmart International net sales were $27.6 billion, an increase of 2.1% and negatively affected by $0.9 billion from currency fluctuations, while constant currency sales were $28.5 billion, an increase of 5.5%. Walmex, China, and Canada led the way.

Operating Income: Adjusted operating income2 was $6.4 billion, an increase of 6.9%.

Earnings Per Share: GAAP EPS of $2.32; Adjusted EPS2 of $1.71 excludes the effects of $1.16 from net gains on equity and other investments and $0.55 from charges related to reorganization and restructuring.

Global advertising business: grew over 20%, led by 41% grow that Walmart Connect in the U.S.

“We’re excited about our momentum. The team delivered a strong quarter to finish the year, and as our results in the last two quarters show, they acted quickly and aggressively to address the inventory and cost challenges we faced last year. We built momentum in the third quarter and that continues. We are well-positioned to start this fiscal year.” Doug McMillon, President and CEO, Walmart.

Source : Walmart

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