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

February 20, 2024

views 1761
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.