skip to main content
  • *
  • *
Find Insight DIY on
* * *

International DIY News

Walmart Sees Strong Q4 Revenue Growth


Walmart Inc. announces fourth quarter results, including strong revenue growth of 5.7%. The Company’s omnichannel model continues to resonate with customers helping to deliver strong growth, including comp sales of 4.0%3 for Walmart U.S. Looking ahead, the company issues guidance for FY25, including growth in net sales in constant currency (“cc”)1 of 3% to 4% and operating income of 4% to 6%.

Fourth Quarter Highlights

  • Consolidated revenue of $173.4 billion, up 5.7%, or 4.9% (cc)1
  • 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%1 , positively affected by currency and LIFO of 2.3% and 1.0%, respectively
  • Global eCommerce sales grew 23%
  • Global advertising business2 grew approximately 33%, including 22% for Walmart Connect in the U.S.
  • Adjusted EPS1 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 accelerate Walmart Connect in the U.S.

Full Year Highlights

  • Consolidated revenue of $648.1 billion, up 6.0%, or 5.5% (cc)1
  • Global advertising business2 grew approximately 28% to reach $3.4 billion
  • Consolidated operating income up $6.6 billion, or 32.2%; adjusted operating income up 10.2%1 , growing faster than sales
  • ROA at 6.6%; ROI at 15.0%1 , up 230 bps
  • GAAP EPS of $5.74; Adjusted EPS of $6.651

Key Financial Metrics

Dollars in billions, except per share data. 
Dollar and percentage changes may not recalculate due to rounding.
Charts may not be to scale.

/live/news/wysiwyg/20022024 Walmart.jpg

Balance Sheet and Liquidity

  • Cash and cash equivalents of $9.9 billion
  • Total debt of $46.9 billion2
  • Operating cash flow for FY’24 of $35.7 billion, an increase of $6.9 billion
  • Free cash flow for FY’24 of $15.1 billion1, an increase of $3.1 billion
  • Repurchased 18.2 million shares3 for FY’24, or $2.8 billion
  • Inventory of $54.9 billion, a decrease of $1.7 billion

Doug McMillon President and CEO, Walmart:

“Our team delivered a great quarter, finishing off a strong year. We crossed $100 billion in eCommerce sales and drove share gains as our customer experience metrics improved, even during our highest volume days leading up to the holidays. We’re proud of the team and excited about building on our momentum as we work to bring prices down for our customers and members.” 

Source : Walmart

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.  

20 February 2024

Related News

view more International DIY News

Insight DIY is the only source of market information that I need and they always have the latest news before anyone else.

Neil Anderton - Sales Director, British Ceramic Tile

Don't miss out on all the latest, breaking news from the DIY industry