Forgot Password

Walmart Q4 Sales Rise But Earnings Come Up Short

As the fiscal year ended, Walmart sales gained but earnings fell shy of Wall Street expectations.

In the fourth quarter, Walmart Stores posted company net income of $2.18 billion, or 73 cents per diluted share, versus $3.76 billion, or $1.22 per diluted share, in the period a year earlier.

Walmart maintained that, adjusted for restructuring and other one-time charges, earnings per share for the quarter were $1.33 versus $1.30 in the period a year before. Adjusted earnings fell four cents short of a MarketBeat-published analyst average estimate.

Net sales were $135.15 billion and net revenues, including membership and other income, were $136.27 billion and other income, versus net sales of $129.75 billion and net revenues of $130.94 billion, in the quarter a year prior. Operating income in the quarter was $4.47 billion versus $6.21 billion in the period a year previous.

In the U.S. operation, Walmart comparable sales without the impact of fuel revenues were up 2.6% and, without fuel, Sam’s club comps gained 2.4% in the quarter year over year. Walmart U.S. net sales were $86.6 billion versus $83.7 billion in the quarter a year earlier. Operating income was flat at $5 million in the quarter year over year. For the quarter, e-commerce sales and gross merchandise volume at Walmart U.S. advanced 23% and 24%, respectively.

For the full fiscal year, Walmart posted company net income of $9.86 billion, or $3.28 per diluted share, versus $13.64 billion, or $4.38 per diluted share, in the earlier fiscal year. Adjusted earnings per share for the fiscal year were $4.42 versus $4.32 in the fiscal year before.

In the fiscal year, net sales were $495.76 billion and net revenues were $500.34 billion versus net sales of $481.32 billion and net revenues of $485.87 billion in the prior year. Operating income was $20.44 billion versus $22.76 billion in the previous fiscal year.

Walmart U.S. comps without the impact of fuel revenues were up 2.1% in the fiscal year, and without fuel, Sam’s Club comps gained 2% in the year.  Walmart U.S. net sales were $318.5 billion versus $307.8 billion in the fiscal year earlier. Operating income was $17.9 billion versus $17.7 billion year over year, according to Walmart. In the fiscal year, e-commerce sales and GMV at Walmart U.S. advanced 44% and 47%, respectively.