Q4 and FY20 Full-year Earnings (18/02/2020)
Fourth-quarter highlights
- Total revenue was $141.7 billion, an increase of $2.9 billion, or 2.1%.
- Walmart U.S. comp sales increased on a two-year stacked basis by 6.0% with continued strength in food and consumables.
- Walmart U.S. eCommerce 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%, and eCommerce sales grew 33%. Reduced tobacco sales negatively affected comp sales by approximately 300 basis points.
- 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.
Fiscal 2020 highlights
- Total revenue was $524.0 billion, an increase of $9.6 billion, or 1.9%. Excluding currency, total revenue was $528.1 billion, an increase of $13.7 billion, or 2.7%.
- Walmart U.S. comp sales increased 2.8% and 6.4% on a two-year stacked basis.
- Walmart U.S. eCommerce sales grew 37%. Net Promoter Score and the Customer Value Index improved.
- Sam’s Club comp sales increased 0.7%. Reduced tobacco sales negatively affected comp sales by
approximately 310 basis points. Membership trends were strong. - International net sales increased 2.8% in constant currency with strength in Mexico, China and India.
- The company generated $25.3 billion in operating g cash flow and returned $11.8 billion to shareholders through dividends and share repurchases.