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Walmart | 8-K: Walmart Reports Fourth Quarter Results

SEC announcement ·  Feb 20 07:03
Summary by Moomoo AI
Walmart Inc. reported its fourth quarter and fiscal year results on February 20, 2024, showcasing strong financial performance with significant revenue and operating income growth. The company's revenue increased by 5.7% to $173.4 billion in the fourth quarter, with operating income growing at a faster rate of 30.4%. Adjusted operating income also saw a rise of 13.2%. Walmart's eCommerce sales globally surged by 23%, surpassing the $100 billion mark for the year. The company's GAAP EPS was reported at $2.03, with an Adjusted EPS of $1.80. Walmart provided guidance for the first quarter and fiscal year 2025, projecting continued growth. Additionally, the company announced a 9% increase in its annual dividend. Walmart's omnichannel model contributed to a 4.0% comp sales growth for Walmart U.S. The company also revealed...Show More
Walmart Inc. reported its fourth quarter and fiscal year results on February 20, 2024, showcasing strong financial performance with significant revenue and operating income growth. The company's revenue increased by 5.7% to $173.4 billion in the fourth quarter, with operating income growing at a faster rate of 30.4%. Adjusted operating income also saw a rise of 13.2%. Walmart's eCommerce sales globally surged by 23%, surpassing the $100 billion mark for the year. The company's GAAP EPS was reported at $2.03, with an Adjusted EPS of $1.80. Walmart provided guidance for the first quarter and fiscal year 2025, projecting continued growth. Additionally, the company announced a 9% increase in its annual dividend. Walmart's omnichannel model contributed to a 4.0% comp sales growth for Walmart U.S. The company also revealed plans to acquire VIZIO HOLDING CORP. to boost its Walmart Connect advertising business in the U.S. Walmart International reported a 13.0% increase in net sales in constant currency, led by Flipkart, Walmex, and China. The company's global advertising business grew by approximately 28% to reach $3.4 billion. Walmart's full-year highlights included a consolidated revenue of $648.1 billion, up 6.0%, and a consolidated operating income increase of 32.2%. The company's return on assets (ROA) was 6.6%, with a return on investment (ROI) of 15.0%, up 230 basis points. Walmart's balance sheet showed cash and cash equivalents of $9.9 billion, with a total debt of $46.9 billion. The company's operating cash flow for FY'24 was $35.7 billion, an increase of $6.9 billion, and free cash flow for FY'24 was $15.1 billion, an increase of $3.1 billion. Walmart repurchased 18.2 million shares for FY'24, amounting to $2.8 billion. Inventory levels decreased by $1.7 billion, with higher in-stock levels. Looking ahead, Walmart expects consolidated net sales to increase by 3.0% to 4.0% in constant currency for FY 2025, with a consolidated operating income increase of 4.0% to 6.0%. The company also announced a 3-for-1 forward stock split, with each holder of record receiving two additional shares of common stock after the close of trading on February 23, 2024.

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