Walmart reports strong revenue growth of 5.7% with operating income growing faster at 30.4%; adjusted operating income up 13.2%
eCommerce up 23% globally, surpassing
GAAP EPS of
Company provides outlook for Q1 and FY25
Company raises annual dividend 9%
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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 theU.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 accelerateWalmart Connect in theU.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
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20240219441762/en/
Investor Relations Contacts
Senior Vice President, Investor Relations
ir@walmart.com
Sr. Director, Investor Relations
Media Relations Contact
Director,
800-331-0085
Source: