Walmart U.S. Q4 comp sales grew 1.9% and Walmart U.S. eCommerce sales grew 35%
February 18 2020 - 6:00AM
Business Wire
Q4 FY20 GAAP EPS of $1.45; Adjusted EPS of
$1.38, Disruption in Chile and a legal matter lowered GAAP and
Adjusted EPS by about $0.05, Fiscal year 2020 GAAP EPS of $5.19;
Adjusted EPS of $4.93, FY21 guidance includes net sales growth of
about 3%; U.S. comp sales growth of at least 2.5%; U.S. eCommerce
net sales growth of about 30%; EPS of $5.00 to $5.15
Walmart Inc. (NYSE: WMT):
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Fourth-quarter highlights
- Total revenue was $141.7 billion, an increase of $2.9 billion,
or 2.1%.
- Walmart U.S. comp sales increased on a two-year stacked basis
by 6.0% with continued strength in food and consumables.
- Walmart U.S. eCommerce had strong growth in grocery pickup and
delivery, and walmart.com had its highest quarterly growth rate of
the year.
- Sam’s Club comp sales increased 0.8%, and eCommerce sales grew
33%. Reduced tobacco sales negatively affected comp sales by
approximately 300 basis points.
- Net sales at Walmart International were $33.0 billion, an
increase of 2.3%. Disruption in Chile negatively affected operating
income by approximately $110 million.
- Adjusted EPS excludes the effects of four items:
- An unrealized gain of $0.26, net of tax, on the company’s
equity investment in JD.com
- A charge of $0.15, net of tax, related to business
restructurings
- A tax benefit of $0.11 related to a reduction in corporate
income tax rates in India
- A charge of $0.15 related to certain income tax matters
Fiscal 2020 highlights
- Total revenue was $524.0 billion, an increase of $9.6 billion,
or 1.9%. Excluding currency, total revenue was $528.1 billion, an
increase of $13.7 billion, or 2.7%.
- Walmart U.S. comp sales increased 2.8% and 6.4% on a two-year
stacked basis.
- Walmart U.S. eCommerce sales grew 37%. Net Promoter Score and
the Customer Value Index improved.
- Sam’s Club comp sales increased 0.7%. Reduced tobacco sales
negatively affected comp sales by approximately 310 basis points.
Membership trends were strong.
- International net sales increased 2.8% in constant currency
with strength in Mexico, China and India.
- The company generated $25.3 billion in operating cash flow and
returned $11.8 billion to shareholders through dividends and share
repurchases.
The company will host its meeting for the investment community
today at 8 a.m. EST. The event will be webcast and can be viewed at
the following link:
https://corporate.walmart.com/newsroom/events/2020-investment-community-meeting.
About Walmart Walmart Inc. (NYSE: WMT) helps people
around the world save money and live better - anytime and anywhere
- in retail stores, online, and through their mobile devices. Each
week, over 265 million customers and members visit approximately
11,500 stores under 56 banners in 27 countries and eCommerce
websites. With fiscal year 2020 revenue of $524 billion, Walmart
employs over 2.2 million associates worldwide. Walmart continues to
be a leader in sustainability, corporate philanthropy and
employment opportunity. Additional information about Walmart can be
found by visiting http://corporate.walmart.com, on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
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Investor Relations contact Dan Binder (479) 258-7172
Media Relations contact Randy Hargrove (800) 331-0085
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