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Walmart Inc   (WMT)
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    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail
 



  Walmart Inc Outlook

On November 16 2023 the Walmart Inc provided following guidance

Walmart Inc. has reported impressive revenue growth of 5.2% in the third quarter, showing strength across its various segments. The company's eCommerce division also saw a significant increase, with a 15% growth globally. Walmart Inc. achieved a GAAP EPS of $0.17 and an Adjusted EPS of $1.53.

The success experienced in the third quarter has led Walmart Inc. to raise its sales and Adjusted EPS guidance for the full fiscal year of 2024.

Specifically, the company reported consolidated revenue of $160.8 billion, reflecting a 5.2% increase compared to the same period last year. On a constant currency basis, the growth stood at 4.3%. The consolidated gross margin rate also improved by 32 basis points, benefiting from slight improvements in Walmart U.S. and the timing of Flipkart's The Big Billion Days event, which was shifted from the third quarter of the previous year to the fourth quarter of the current year.

Furthermore, Walmart Inc. successfully reduced its consolidated operating expenses as a percentage of net sales by 182 basis points. This improvement is attributed to the company surpassing a discrete charge that was incurred in the previous year.

Overall, Walmart Inc. is demonstrating robust financial performance and is well-positioned for future growth.