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Walmart U.S. Comp Sales, E-Commerce Sales Grow In Q4

Walmart earnings Q4 comp sales

In its fourth-quarter highlights, Bentonville, Arkansas-based Walmart U.S. reported total revenue was $141.7 billion, an increase of $2.9 billion, or 2.1 percent.

Walmart U.S. comp sales increased on a two-year stacked basis by 6 percent with continued strength in food and consumables.

Walmart U.S. e-commerce 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 percent, and e-commerce sales grew 33 percent. Reduced tobacco sales negatively affected comp sales by approximately 300 basis points.

Net sales at Walmart International were $33 billion, an increase of 2.3 percent. 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; and
  • A charge of $0.15 related to certain income tax matters.

 

Fiscal 2020 highlights

Total revenue was $524 billion, an increase of $9.6 billion, or 1.9 percent. Excluding currency, total revenue was $528.1 billion, an increase of $13.7 billion, or 2.7 percent.

Walmart U.S. comp sales increased 2.8 percent and 6.4 percent on a two-year stacked basis.

Walmart U.S. e-commerce sales grew 37 percent. Net Promoter Score and the Customer Value Index improved.

Sam’s Club comp sales increased 0.7 percent. Reduced tobacco sales negatively affected comp sales by approximately 310 basis points. Membership trends were strong.

International net sales increased 2.8 percent 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.

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