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Walmart Posts Big Fourth Quarter

Walmart net sales surpassed half a trillion dollars in its last-completed fiscal year as the company’s namesake business in the United States enjoyed a 3.6% comparable sales gain bolstered by a 4.2% comp increase in the fourth quarter.

Adjusted earnings per share topped a fourth quarter Zacks Investment Research analyst consensus estimate of $1.33 by eight cents.

For the full fiscal year, Walmart company net income was $6.67 billion, or $2.26 per diluted share, versus $9.86 billion, or $3.28 per diluted share, in the previous fiscal year. Adjusted earnings per share, excluding one-time charges, were $4.91, Walmart stated, versus $4.42 in the fiscal year earlier.

Total revenues were $514.41 billion versus $500.34 billion in the year previous as net sales increased to $510.33 billion from $495.76 billion year over year, Walmart reported. Operating income was $21.96 billion versus $20.44 billion in the year earlier.

For the fourth quarter, the company posted net income of $3.69 billion, or $1.27 per diluted share, versus $2.18 billion, or 73 cents per diluted share, in the year-before period. Adjusted earnings per share were $1.41 versus $1.33 in the quarter in the fiscal year prior.

Total revenues were $138.79 billion versus $136.27 billion in the year-before quarter and net sales increased to $137.74 billion from $135.15 billion in the period year over year, Walmart indicated. Operating income was $6.07 billion versus $4.47 billion in the quarter a year prior.

Walmart U.S. comparable sales in the fourth quarter, excluding the effect of fuel operations, increased 4.2%, with traffic up 0.9% and average ticket up 3.3%, the company noted. E-commerce represented about 180 basis points of the comp gain, Walmart noted. Net sales gained 4.6% to $90.5 billion while operating income came in at $5 billion versus 4.7 billion in the quarter a year earlier.

The Walmart full-year comp increase of 3.6% also excludes fuel sales, the company pointed out. Net sales gained 4.1% to $331.7 billion while operating income came in at $17.4 billion versus $17 billion in the year prior.

Sam’s Club comps excluding fuel advanced 3.3% in the fourth quarter and 3.8% for the full year compared to those previous counterpart periods, Walmart maintained.