Last updated on February 22nd, 2018
Walmart U.S. this week released highlights from its fourth quarter and its fiscal year.
In the fourth quarter, total revenue was $136.3 billion, an increase of $5.3 billion, or 4.1 percent. Excluding currency, total revenue was $135.1 billion, an increase of $4.1 billion, or 3.1 percent. Comp sales increased 2.6 percent, and comp traffic increased 1.6 percent. On a two-year stack, comp sales growth of 4.4 percent marked the best performance in eight years. E-commerce sales and GMV at Walmart U.S. increased 23 percent and 24 percent, respectively. GAAP EPS was $0.73 and adjusted EPS was $1.33.
Sam’s Club comp sales, excluding fuel, increased 2.4 percent, led by comp traffic growth of 4.3 percent.
Net sales at Walmart International were $33.1 billion, an increase of 6.7 percent. Excluding currency, net sales were $31.9 billion, an increase of 2.8 percent. Nine of 11 markets posted positive comp sales, including the retailer’s four largest markets.
Consolidated operating income was $4.5 billion, a decrease of 28 percent. Excluding the impact of discrete charges, operating income would have decreased less than 1.0 percent.
“We have good momentum in the business with solid sales growth across Walmart U.S., Sam’s Club and International,” said Doug McMillon, Walmart president and CEO. “We’re making real progress putting our unique assets to work to serve customers in all the ways they want to shop, and I want to thank our associates for their great work this past year. We’re making decisions to position the business for success and investing to win with customers and shareholders.”
Fiscal 2018 highlights
Total revenue was $500.3 billion, an increase of $14.5 billion, or 3.0 percent. Excluding currency, total revenue was $500.9 billion, an increase of $15.1 billion, or 3.1 percent. Full year comps grew 2.1 percent. E-commerce sales and GMV at Walmart U.S. increased 44 percent and 47 percent, respectively. Consolidated operating income was $20.4 billion, a decrease of 10.2 percent. Excluding the impact of discrete charges, operating income would have been relatively flat. The company generated $28.3 billion in operating cash flow and returned $14.4 billion to shareholders through dividends and share repurchases.
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