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Walmart Releases Q4 and FY24 Earnings

Feb. 20, 2024

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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."

Portrait photo of Walmart Inc. CEO Doug McMillon

Doug McMillon

President & CEO, Walmart

Total Revenue
$ 173.4 B
illustration of an arrow inside of a yellow circle pointing up 5.7%
FY23 Q4 $164.0 B
FY24 Q4 $173.4 B
Earnings Per Share
$
2.03
(GAAP)
illustration of an arrow inside of a yellow circle pointing down -12.5%
$
1.80
(adjusted1)
illustration of an arrow inside of a yellow circle pointing up 5.3%
Operating Income
$
7.3B
(reported)
illustration of an arrow inside of a yellow circle pointing up 30.4%
$
7.3B
(adjusted2)
illustration of an arrow inside of a yellow circle pointing up 13.2%
Total Revenue
$ 648.1 B
illustration of an arrow inside of a yellow circle pointing up 6.0%
FY23 $611.3 B
FY24 $648.1 B
Earnings Per Share
$
5.74
(GAAP)
illustration of an arrow inside of a yellow circle pointing up 34.4%
$
6.65
(adjusted1)
illustration of an arrow inside of a yellow circle pointing up 5.7%
Operating Income
$
27.0B
(reported)
illustration of an arrow inside of a yellow circle pointing up 32.2%
$
27.1B
(adjusted2)
illustration of an arrow inside of a yellow circle pointing up 10.2%
Blue-sided pentagon with blue walmart spark in the center.
Building
customer trust
Icon of an arrow pointing right within a circle indicating a call to action
Blue-sided pentagon with blue walmart spark in the center.
Building customer trust
Icon of an arrow pointing upward.  The icon sits within a yellow circle.
23 %*

Global eCommerce sales

Surpassing $100B for the year

*Q4 FY24 results

Blue iconography of a settings cog
Diversifying
business mix
Icon of an arrow pointing right within a circle indicating a call to action
Blue iconography of a settings cog.
Diversifying business mix
Icon of an arrow pointing upward.  The icon sits within a yellow circle.
28 %*

Global advertising 5

*FY24 results

Icon of an arrow pointing upward.  The icon sits within a yellow circle.
20 %*

Global membership income

*FY24 results

Blue-sided pentagon with blue walmart spark in the center.
Driving
higher returns
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Blue-sided pentagon with blue walmart spark in the center.
Driving higher returns
Icon of an arrow pointing upward.  The icon sits within a yellow circle.
200 bps

Return on assets

Operating income growth

Icon of an arrow pointing upward.  The icon sits within a yellow circle.
230 bps

Return on investment 6

Strong execution by the team

Blue-sided pentagon with blue walmart spark in the center.
Investing in
our future
Icon of an arrow pointing right within a circle indicating a call to action
Blue-sided pentagon with blue walmart spark in the center.
Investing in our future
650 *

New store remodels

Enhanced omnichannel experience

* In Walmart U.S., expected over the next 12 months

200 %*

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.

Icon. Begin quote

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.

Icon. End quote
Portrait of John David Rainey EVP & Financial Officer at Walmart Inc.

John David Rainey

Executive Vice President & Chief Financial Officer, Walmart

Walmart U.S.
Comp sales growth3
illustration of an arrow inside of a yellow circle pointing down
4.0 %
(excluding fuel)
Net sales growth
FY23 Q4 $113.7 B
FY24 Q4 $117.6 B
Sam's Club
Comp sales growth3
illustration of an arrow inside of a yellow circle pointing down
3.1 %
(excluding fuel)
Net sales growth
FY23 Q4 $21.4 B
FY24 Q4 $21.9 B
Walmart International
Net sales growth
illustration of an arrow inside of a yellow circle pointing down
13.0 %
(constant currency4)
Net sales growth
FY23 Q4 $27.6 B
FY24 Q4 $31.2 B
Walmart U.S.
Comp sales growth3
illustration of an arrow inside of a yellow circle pointing down
5.6 %
(excluding fuel)
Net sales growth
FY23 $420.6 B
FY24 $441.8 B
Sam's Club
Comp sales growth3
illustration of an arrow inside of a yellow circle pointing down
4.8 %
(excluding fuel)
Net sales growth
FY23 $84.3 B
FY24 $86.2 B
Walmart International
Net sales growth
illustration of an arrow inside of a yellow circle pointing down
10.6 %
(constant currency4)
Net sales growth
FY23 $101.0 B
FY24 $111.7 B
Associates at Flipkart celebrating
Flipkart’s Big Billion Days attracts record 1.4B customer visits

1 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.


 

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