Walmart Releases Q4 and FY24 Earnings
Feb. 20, 2024
We're
excited about
our momentum.
"Our team delivered a great quarter, finishing off a strong year. We crossed $100 billion in eCommerce sales and drove share gains as our customer experience metrics improved, even during our highest volume days leading up to the holidays. We’re proud of the team and excited about building on our momentum as we work to bring prices down for our customers and members."
Doug McMillon
President & CEO, Walmart
5.7%
-12.5%
5.3%
30.4%
13.2%
6.0%
34.4%
5.7%
32.2%
10.2%
customer trust
Global eCommerce sales
Surpassing $100B for the year
*Q4 FY24 results
business mix
Global advertising 5
*FY24 results
Global membership income
*FY24 results
higher returns
Return on investment 6
Strong execution by the team
our future
New store remodels
Enhanced omnichannel experience
* In Walmart U.S., expected over the next 12 months
Annual bonus potential
for store managers
* Annual bonus for store managers can be up to 200% of base salary
And, we're achieving
strong
financial
performance.
We’re redefining convenience, which is building customer engagement and trust. We’re growing our competitive advantages through investments in people-led technologies. We’re deploying our capital toward highest returns, using automation to build better experiences for our customers, members and associates.
The team’s strong execution and financial results of FY24 reflect our ability to reshape our business model. We’re investing in our people and global platform to position us to drive profitable growth in the years ahead.
John David Rainey
Executive Vice President & Chief Financial Officer, Walmart
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Read More1 Adjusted EPS is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
2 Adjusted Operating Income is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
3 Comp sales for the 13-week and 52-week periods ended January 26th, 2024 compared to the 13-week and 52-week periods ended January 27th, 2023, and excludes fuel.
4 Constant Currency is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
5 Our global advertising business is recorded in either net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement.
6 Calculated for the trailing-twelve months ended January 31, 2024. ROI is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
