Walmart released its Q4 FY2023 earnings on Tuesday, topping expectations, but shared a weaker-than-expected outlook for Q1 FY2024.
The big box retailer generated $164B in revenue, up 7.3% YoY. Operating income was $5.56B, down 5.5% YoY. Net income was $6.28B, or $2.32 a share, up ~76% YoY.
- Walmart U.S. same-store sales rose 8.3% YoY, and eCommerce sales rose 17%.
- Sam’s Club same-store sales rose 12.2% YoY, and Membership income rose 7.1% YoY, with its member count reaching its highest level.
- Walmart International net sales were $27.6B, up 2.1% YoY.
- The retail giant reported $611.3B in revenue for the entire year, up 6.7% YoY.
- Walmart returned $16B to shareholders in FY2023 through dividend payouts and share buybacks.
- The company expects Q1 FY2024 U.S. same-store sales to increase by 2.0% to 2.5%; analysts were expecting 3% growth.
