Sign In  |  Register  |  About Santa Clara  |  Contact Us

Santa Clara, CA
September 01, 2020 1:39pm
7-Day Forecast | Traffic
  • Search Hotels in Santa Clara

  • ROOMS:

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

Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here:

Fourth-quarter highlights:

  • Walmart delivered strong revenue growth globally with strength in stores and eCommerce. Total revenue was $164.0 billion, up 7.3%, or 7.9% in constant currency.
  • Walmart U.S. comp sales grew 8.3% and 13.9% on a two-year stack. eCommerce growth was 17% and 18% on a two-year stack. Continued to gain market share in grocery.
  • Sam’s Club comp sales 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 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.
  • Global advertising business grew over 20%, led by 41% growth at Walmart Connect in the U.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.
  • Consolidated operating income was $5.6 billion, a decrease of 5.5%, including the charges described above. Adjusted operating income was $6.4 billion, an increase of 6.9%.
  • GAAP EPS of $2.32; Adjusted EPS 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.

Full-year highlights:

  • Total revenue was $611.3 billion, up 6.7%, negatively affected by $5.0 billion related to divestitures. Excluding currency, total revenue would have increased 7.4% to $615.1 billion.
  • Walmart U.S. comp sales increased 6.6% and 13.0% on a two-year stack.
  • Walmart U.S. eCommerce sales grew 12% and 23% on a two-year stack.
  • Sam’s Club comp sales increased 10.5% and 20.3% on a two-year stack. Membership income increased 8.6%.
  • Walmart International net sales were flat and operating income declined 21.1%. Net sales grew 9.0% and adjusted operating income grew 8.9% for retained markets on a constant currency basis.
  • Global advertising business grew nearly 30% to reach $2.7 billion, led by Walmart Connect in the U.S. and Flipkart Ads.
  • The company generated $29.1 billion in operating cash flow and returned $16.0 billion to shareholders through dividends and share repurchases.
  • GAAP EPS of $4.27; Adjusted EPS of $6.29.

The company will hold a live conference call with the Investment Community at 7 a.m. CST Tuesday, Feb. 21, 2023, to discuss the company’s fourth quarter earnings results for fiscal year 2023. The event will be webcast live and is accessible by visiting and selecting the Fourth Quarter Earnings Release event. The webcast will be archived and available beginning at approximately noon CST Feb. 21.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, approximately 240 million customers and members visit more than 10,500 stores and numerous eCommerce websites in 20 countries. With fiscal year 2023 revenue of $611 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, on Facebook at, on Twitter at, and on LinkedIn at


Investor Relations Contacts

Steph Wissink

Senior Vice President, Investor Relations

Kary Brunner

Sr. Director II, Investor Relations

Media Relations Contact

Randy Hargrove

Sr. Director, Global Communications


Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.