Walmart (WMT) rose in Tuesday Premarket after its Q4 Earnings Report Topped Consensus Estimates

February 20, 2024

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Walmart (WMT) rose in Tuesday Premarket after its Q4 Earnings Report Topped Consensus Estimates

Walmart (WMT) just reported that its Q4 non-GAAP earnings per share rose to $1.80, $0.15 above expectations. Revenue was $173.4 billion (up 5.7% YoY), posting an increase of $4.14 billion. Global e-commerce sales grew 23%. U.S. comparable sales rose 4.0%, also beating consensus estimates of 3.2%.

Transaction volumes increased 4.3% in the quarter, but average shopping ticket prices fell 0.3%. E-commerce sales grew 23% in the quarter, contributing 240 basis points to comparable sales. Comparable sales at the WMT’s incentive Sam's Club chain rose 3.1%, reflecting a 3.6% trading increase.

The retail giant's international sales rose 17.6% YoY to $32.4 billion. Walmart also reported consolidated operating income growth of 30.4% and adjusted operating income growth of 13.2%. Looking ahead, Walmart (WMT) expects sales to grow 3% to 4% in 2025, above the median consensus estimate. Walmart also expects full-year earnings of $6.70 to $7.12 per share, compared with the consensus estimate of $7.09. These stellar figures apparently underpin the current stock’s retaining its “buy” recommendation.