Walmart Inc. adjusted earnings for the fourth quarter came in at $1.71 per share, exceeding the Zacks Consensus Estimate of $1.52 (according to Zacks Equity Research).
Total revenues rose +7.3% year-over-year to $164 billion, beating the consensus mark of $159.7 billion. On a constant-currency (cc) basis, total revenues grew +7.9%, on the back of solid stores and e-commerce operations.
U.S. comp sales, excluding fuel, grew +8.3% on +6.3% increase in the average ticket, with transactions climbing 1.8% year over year. E-commerce sales in the US rose 17%.
International net sales were up +2.1% to $27.6 billion, with $0.9-billion adverse impact from currency movements.
For the first quarter of fiscal 2024, the company expects consolidated net sales growth of 4.5-5% at cc.