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Walmart U.S. Q4 comp sales1 grew 1.9% and Walmart U.S. eCommerce sales grew 35%,
Q4 FY20 GAAP EPS of $1.45; Adjusted EPS2 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 EPS2 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

Fourth-quarter highlights
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Total revenue was $141.7 billion, an increase of $2.9 billion, or 2.1%.
 
“We thank our associates for another good year. In Q4, we saw strong performance in the U.S. with eCommerce and Sam’s Club plus strength in Mexico, India and China. We started and finished the quarter with momentum, while sales leading up to Christmas in our U.S. stores were a little softer than expected. The new year has started off well, and we look forward to another strong year. We remain focused on providing our customers with the best omnichannel experience from any retailer. ”
Doug McMillon
President and CEO, Walmart
 
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Walmart U.S. comp sales1 increased on a two-year stacked basis by 6.0% with continued strength in food and consumables.
 
 
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Walmart U.S. eCommerce had strong growth in grocery pickup and delivery, and walmart.com had its highest quarterly growth rate of the year.
 
 
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Sam’s Club comp sales1 increased 0.8%, and eCommerce sales grew 33%. Reduced tobacco sales negatively affected comp sales by approximately 300 basis points.
 
 
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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.
 
 
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Adjusted EPS2 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
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Total revenue was $524.0 billion, an increase of $9.6 billion, or 1.9%. Excluding currency2, total revenue was $528.1 billion, an increase of $13.7 billion, or 2.7%.
image9a17.jpg
Walmart U.S. comp sales1 increased 2.8% and 6.4% on a two-year stacked basis.
image9a17.jpg
Walmart U.S. eCommerce sales grew 37%. Net Promoter Score and the Customer Value Index improved.
image9a17.jpg
Sam’s Club comp sales1 increased 0.7%. Reduced tobacco sales negatively affected comp sales by approximately 310 basis points. Membership trends were strong.
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International net sales increased 2.8% in constant currency2 with strength in Mexico, China and India.
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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

1 The retail sales calendar for the year ended January 31, 2020 included 53 weeks. As such, fiscal year 2020 comparable store sales are for the 14-week period and 53-week period ended January 31, 2020, and excludes fuel. For comparability, prior year comparable store sales were revised to reflect the 14-week and 53-week periods ended February 1, 2019 instead of the previously reported 13-week and 52 week periods ended January 25, 2019.
2 See additional information at the end of this release regarding non-GAAP financial measures.

NYSE: WMT
February 18, 2020
stock.walmart.com

The following information was filed by Walmart Inc. (WMT) on Tuesday, February 18, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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