Walmart (WMT) Tops Q4 EPS by 3c
Walmart (NYSE: WMT) reported Q4 EPS of $1.53, $0.03 better than the analyst estimate of $1.50. Revenue for the quarter came in at $152.9 billion versus the consensus estimate of $151.5 billion.
Fiscal 2023 full year guidance
The following guidance reflects the company’s expectations for fiscal year 2023 and is provided on a non-GAAP basis as the Company cannot predict certain elements which are included in reported GAAP results, including the impact of foreign exchange translation and the changes in fair value of the Company’s equity investments. Growth rates reflect an adjusted basis for prior year results. The company’s guidance assumes some degree of relief from costs associated with COVID-19 and disruptions in the supply chain as the year progresses, and that the U.S. consumer remains in a generally favorable economic position throughout the year.
| Metric | FY23 Guidance | ||||
| Consolidated net sales | Increase about 3% in constant currency •Excluding divestitures3, increase about 4% | ||||
| Comp sales growth | •Walmart U.S., slightly above 3%, ex. fuel | ||||
| Consolidated operating income | Increase about 3% in constant currency •Excluding divestitures3, increase at a rate higher than net sales | ||||
| Effective tax rate | 25% to 26% | ||||
| EPS growth | Increase mid single-digits •Excluding divestitures3, increase 5% to 6% | ||||
| Capital expenditures | Upper end of 2.5% to 3% of net sales with a focus on supply chain, automation, customer-facing initiatives and technology | ||||
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