Walmart reports strong revenue growth of 5.7% with operating income growing faster at 30.4%; adjusted operating income up 13.2%
20 February 2024 - 11:02PM
Business Wire
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%
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
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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
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