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Walmart Tops  Forecasts - US eCommerce Sales Rise 43%

February 19, 2019

The firm delivered total revenue of $138.8 billion, an increase of $2.5 billion, and adjusted EPS of $1.41. Wall Street was only expecting revenue and adjusted EPS of $138.65 billion and $1.33 respectively.

Doug McMillom, Walmart CEO said, "We had a good year, and I want to thank our associates for their great work and openness to change. They continue to inspire us as we strive to serve our customers every day. Progress on initiatives to accelerate growth, along with favorable economic environment, helped us deliver strong comp sales and gain market share. We're excited about the work we're doing to reach customers in a more digitally connected way. Our commitment to the customer is clear - we'll be there when, where and how they want to shop and deliver new, convenient experiences that are uniquely Walmart."

Fourth-quarter highlights

  • Total revenue was $138.8 billion, an increase of $2.5 billion, or 1.9%. Excluding currency, total revenue was $140.5 billion, an increase of $4.2 billion, or 3.1%.
  • Walmart U.S. comp sales on a two-year stack of 6.8% is the strongest growth in 9 years.
  • Walmart U.S. eCommerce continued to benefit from the expansion of grocery pickup and delivery and a broader assortment on Walmart.com.
  • Sam's Club comp sales1 increased 3.3%, and eCommerce sales grew 21%.
  • Net sales at Walmart International were $32.3 billion, a decline of 2.3%. Excluding currency, net sales were $34.0 billion, an increase of 2.7%.
  • Adjusted EPS excludes the effects of two items:
    • A charge of $0.17 due to an adjustment in the provisional amount related to Tax Reform
    • An unrealized gain of $0.03 on the company's equity investment in JD.com

Fiscal 2019 highlights

  • Total revenue was $514.4 billion, an increase of $14.1 billion, or 2.8%. Excluding currency, total revenue was $515.1 billion, an increase of $14.8 billion, or 3.0%.
  • Walmart U.S. comp sales1 increased 3.6%. Grocery pickup and delivery are available in more than 2,100 and nearly 800 locations, respectively.
  • Walmart U.S. eCommerce sales increased 40%. Net Promoter Score and the company's Customer Value Index continue to improve.
  • The company generated $27.8 billion in operating cash flow and returned $13.5 billion to shareholders through dividends and share repurchases.
  • Adjusted EPS2 excludes the effects of three items:
    • A charge of $1.54 related to the sale of a majority stake in Walmart Brazil
    • An unrealized loss of $0.95 on the company's equity investment in JD.com
    • A charge of $0.16 due to an adjustment in the provisional amount related to Tax Reform

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