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Walmart $Walmart(WMT.US$reported strong earnings in the fiscal fourth quarter, with adjusted earnings of $1.71 per share, beating analyst estimates of $1.52. The company's sales also exceeded expectations, with a 7.3% increase to $164 billion. However, Walmart's CFO John Rainey expressed caution for the current fiscal year due ...
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Walmart $Walmart(WMT.US$ reported strong quarterly earnings, which exceeded analysts' expectations with $164 billion as compared to $159.72 as expected - an increase of 7.3%.
The retailer was said to have attracted budget-conscious shoppers who were looking for food, gifts, and household goods at lower prices, and continues to gain market share in grocery, including among higher-income households that are spending cautiously. ...
The retailer was said to have attracted budget-conscious shoppers who were looking for food, gifts, and household goods at lower prices, and continues to gain market share in grocery, including among higher-income households that are spending cautiously. ...
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$Walmart(WMT.US$ just released its latest Q4'23 and FY'23 results.
Apart from the higher revenue growth, the outlook and near-term seem to be muted and challenging.
Here is what I gather from their report.
1. Good top line, but profits fall short
YoY-wise, the top line surges by +7.3%. However, gross profit slumped by -83 bps due to markdowns and a mix of sales.
For total FY'23, the gross margins were worse, down by -98 bps.
Thus, operating income got buffet...
Apart from the higher revenue growth, the outlook and near-term seem to be muted and challenging.
Here is what I gather from their report.
1. Good top line, but profits fall short
YoY-wise, the top line surges by +7.3%. However, gross profit slumped by -83 bps due to markdowns and a mix of sales.
For total FY'23, the gross margins were worse, down by -98 bps.
Thus, operating income got buffet...
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ColumnsWalmart FY23 Q4 Report: Early spending brings revenue growth, continues to face an uncertain future
The global retail giant Wal-Mart announced its financial report for the fourth quarter of fiscal year 2023 as of January 31. Both revenue and net profit exceeded expectations, but the stock price reflected more generally . Profit and same-store sales outlooks missed expectations.
1. The market underestimated the consumption enthusiasm in the holiday season , but this is only a pre-consumption rathe...
1. The market underestimated the consumption enthusiasm in the holiday season , but this is only a pre-consumption rathe...
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