Categories AlphaGraphs, Consumer, Earnings

Earnings: Walmart (WMT) Q4 results beat estimates; US comps up 8.3%

Retail giant Walmart Inc. (NYSE: WMT) on Tuesday reported impressive earnings and revenue growth for the fourth quarter of 2023. The numbers also came in above the consensus estimates.

Walmart Q4 2023 earnings infographic

Fourth-quarter earnings, excluding special items, rose to $1.71 per share from $1.53 per share in the corresponding period of 2022. It was also above the experts’ projection. On an unadjusted basis, the company reported a net profit of $6.28 billion or $2.32 per share, compared to $3.56 billion or $1.28 per share a year earlier.

At $164.05 billion, total revenues were up 7.3% year-over-year during the three-month period, which is also above the estimates. U.S comparable store sales increased by 8.3%.

Check this space to read management/analysts’ comments on Walmart’s Q4 results

Walmart’s stock declined Tuesday morning soon after the earnings announcement, after closing the previous session higher.

Prior Performance

  • Walmart Q3 2023 earnings infographic
  • Walmart-Q2-2023-Earnings-Infographic
  • Walmart Q1 2023 Earnings Infographic
  • Walmart reports Q4 2022 earnings results

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Key takeaways from General Mills’ Q3 2023 earnings report

Shares of General Mills Inc. (NYSE: GIS) were up nearly 3% on Thursday after the company delivered better-than-expected results for the third quarter of 2023 and raised its full-year guidance

FIVE Stock: Five Below is likely to continue the good show this year

For Five Below Inc. (NASDAQ: FIVE), the holiday season was more rewarding than expected as the high inflation and stressed personal finances made customers seek value. Earlier, the discount store

Earnings: Chewy (CHWY) swings to profit in Q4 on higher revenues

Chewy Inc. (NYSE: CHWY) has reported higher sales for the fourth quarter of 2022. Reflecting the strong top-line growth, the pet food company turned to profit from a loss last

Add Comment
Viewing Highlight