Walmart delivered its Q4 earnings report on Tuesday.
The retail giant beat expectations but issued cautious guidance for 2023.
Walmart posted earnings per share of $1.71 adjusted, beating expectations of $1.51, according to Refinitiv.
- The retail giant's revenue of $164.05B also surpassed the $159.72B expected by analysts.
- Walmart's same-store sales in the U.S. grew by 8.3%, excluding fuel, while its e-commerce sales were up by 17% YoY.
- Walmart CFO John David Rainey offered guarded guidance for 2023, saying that due to "high prices and the potential for further macro pressures, we are taking a cautious outlook for the year."
