🔹 Adj EPS: $0.66 (Est. $0.64) 🟢
🔹 Revenue: $180.55B (Est. $179.85B) 🟢; UP +4.1% YoY
🔹 Oper. Income: $7.9B (Est. $7.79B) 🟢; UP +8.3% YoY
FY26 Guidance:
🔹 Adjusted EPS: $2.50-$2.60 (Est. $2.77) 🔴
🔹 Net Sales Growth: 3%-4% YoY (constant currency)
🔹 Adjusted Operating Income Growth: 3.5%-5.5% YoY (constant currency)
🔹 Capital Expenditures: ~3.0%-3.5% of net sales
🔹 Effective Tax Rate: 23.5%-24.5%
Q4 Segment Performance:
Walmart U.S.:
🔹 Net Sales: $123.5B (UP +5.0% YoY)
🔹 Comp Sales (excl. fuel): UP +4.6%
🔹 eCommerce Sales: UP +20%, contributing ~290 bps to comp sales
🔹 Operating Income: $6.5B (UP +7.4% YoY)
Walmart International:
🔹 Net Sales: $32.2B (Est. $32.20B) 🟡; DOWN -0.7% YoY (UP +5.7% in constant currency)
🔹 eCommerce Sales: UP +4%
🔹 Operating Income: $1.4B (DOWN -2.4% YoY; UP +10.1% in constant currency)
Sam’s Club U.S.:
🔹 Net Sales: $23.1B (UP +5.7% YoY)
🔹 Comp Sales (excl. fuel): UP +6.8%
🔹 eCommerce Sales: UP +24%
🔹 Operating Income: $0.6B (DOWN -7.4% YoY)
Other Key Metrics:
🔹 Global eCommerce Sales: UP +16%
🔹 Global Advertising Business: UP +29% (Walmart Connect U.S. UP +24%)
🔹 Gross Margin Rate: UP +53 bps, led by Walmart U.S.
🔹 Net Income: $5.3B (Est. $5.21B) 🟢; DOWN -4.4% YoY
🔹 ROA: 7.9%
🔹 ROI: 15.5% (UP +50 bps YoY)
Strategic Updates & Shareholder Returns:
🔸 Completed acquisition of VIZIO
🔸 Raised dividend by 13% to $0.94/share—the largest increase in over a decade
Management Commentary:
🔸 CEO Doug McMillon: "We delivered strong Q4 results with balanced growth across our segments. Our investments in eCommerce, membership, and advertising are paying off, and we’re well-positioned for sustained growth."
🔸 CFO John David Rainey: "Our focus on improving gross margins and driving operating income growth has yielded strong results. The increased dividend reflects our confidence in continued performance and shareholder value creation."