Walmart reported strong fourth-quarter earnings, surpassing Wall Street's expectations with an earnings per share (EPS) of $1.80, up from $1.71 a year earlier, against forecasts of $1.63, and revenue of $173.39 billion, up from $164 billion last year, against forecasts of $170.71 billion. This performance is attributed to a 4.0% increase in U.S. comparable sales, driven by a 4.3% rise in transactions, although the average ticket size saw a slight decrease of 0.3%. E-commerce sales soared, contributing significantly to the results, with Walmart's U.S. web sales increasing by 17%, reaching a new high of 16.5% of total sales. The retailer also announced a strategic acquisition, buying Vizio for $2.3 billion, a move seen as a significant advertising and data play, potentially impacting competitors like Roku. Additionally, Walmart's international sales growth was notably driven by its units in Flipkart, Mexico, and China, with international net sales rising to $32 billion in Q4 from $27 billion a year ago. The stock was up 3% Pre Market following the announcement.
Walmart buys Vizio: A new OS, more advertising on your Walmart TV? https://t.co/VIBLyHD9Er
Walmart $WMT to buy Vizio $VZIO for $11.50/shr in cash. This implies a ~47% premium to levels early last week. Timeline: There was no timeline in PR with transaction subject to regulatory clearance and other closing conditions in merger agreement. Vote: No shareholder vote as…
Walmart’s international sales growth in Q4 driven by Flipkart, Mexico and China units #Walmart International’s net sales increased to $32 billion in Q4 compared to $27 billion a year ago. https://t.co/lYAjWOJ5fA
$WMT a let it ride for me up 4+% in premarket. I have inched up my stop.
$WMT (+4.0% pre) Walmart beats earnings, boosts dividend, buys Vizio for $2.5 billion - TheStreet https://t.co/86PwJDaE4N
Walmart Q1 sales being driven by Leap Year tailwind of 100bps (or 1,000BPS in Lyft-terms) Co sees net income growth outpacing sales by year end. Upping investments in stores, internals. This is a good report. $WMT https://t.co/qQXBlKelV6
Nice value move by $WMT https://t.co/WFAylSNqUA
Walmart $WMT reported earnings of $1.80 per share, up from $1.71 a year earlier, vs $1.63 Revenue was $173.4 billion, up from $164 billion last year, vs estimated $170 billion. Buying $VZIO Stock up 3% Pre Market, https://t.co/gCjcNw7Su0
Depot struggled with inventory throughout post Covid period & was relative laggard. But with this Q, inventory is back to 75 days, just 2 days above where it was in 2019. That in turn is drove free cash flow, which grew 5% despite 17% drop in profit. $HD
Walmart web sales impressive & a nice pivot from a company that in past was too scared to cannibalise its supercenters. But that +17% highlights how impressive $AMZN still is at this game. Up 14% in US in Q4 despite much higher base with 3P +19%, outpacing $WMT https://t.co/E8c5K2SAjp
Deals .deals and more ///Walmart buying VIZIO ( VZIO) for$11.50 cash per shr
Walmart US web sales +17% in Q, hitting a new high of 16.5% of total sales. Remarkable given only a small part of this is grocery (60%+ of $WMT sales). Back in 2019, this number was only 9%. Covid has driven a very nice bump in e-commerce. $AMZN $TGT $XLY
Walmart is gaining share in food, likely at expense of dollar stores. Comps consistent with Q3, despite 150bp headwind from lower inflation. Also a tailwind for discretionary spend among lower end demos as real incomes rise. $WMT $TGT $AMZN $XLY $DG $DLTR $KR https://t.co/PtVIr0oCNY
Walmart went out of its way to highlight weaker discretionary sales as sign of consumer stress on top of extremely short term anecdote about weakness post Halloween. Today $WMT says discretionary sales improving. Another pointer to solid consumer. $AMZN $XLY $XLF https://t.co/TlJDWzB6pp
Solid Q from $WMT along with $VZIO deal seeming vaguely positive pushing Walmart 2% higher. This is a problem for $ROKU. The price makes sense only for Walmart but it's a worthwhile experiment. Vizio 89% controlled by insiders, getting 150% vs Oct level. Don't expect a fight. https://t.co/8kQdrt0V5i
Solid Q from Walmart tells you it was spouting nonsense about a week's volatility in November presaging consumer weakness. Traffic strong +4% & on 4-year stack, comp +29%, consistent throughout 2023. 3-4% forecast for 2024 = more of same. $AMZN $HD $XLY $XLF $WMT https://t.co/XXoILPMM3z
Even Depot, the legendary manager of expenses, struggled with operating leverage given sales -3%, with expenses +3%. But despite weaker comp, spread between expenses & sales narrowed vs Q3. $HD $LOW $WMT $XLY https://t.co/ohpKnrCKHA
Depot US comp came in at -4% vs -3.5% in Q3, but traffic improved sequentially. On 4-year stack, traffic was positive again at +0.7% after modest dip in Q3, in sign business remains healthy. Deterioration in comp from Q3 came from ticket. $HD $LOW $XLY
Walmart's $2.3 billion deal for Vizio, summarized: ✅ Big advertising play. ✅ Big data play. ✅ Bad for Roku.
Insane earnings at Walmart as middle class Target shoppers downgrade to shop at Walmart now due to economy. Stock flying. Now about 180. $wmt
Speaking of #inflation WalMart $WMT up earnings beat, deal announced to buy Vizio for $2.3 billion https://t.co/h9zYOZje70 https://t.co/J7wKIjy4y5
Walmart beats Wall Street’s holiday expectations, as e-commerce sales soar https://t.co/N1xIQbBkuj
LISTEN NOW: Walmart and Home Depot report earnings today, offering insight on consumer trends and inflation. SW Retail Advisors' Stacey Widlitz tees up the results. Listen and follow the @CNBCWEX podcast here: https://t.co/oxVXD9Sfaa https://t.co/1HT72qiqyA
$WMT US: "Comp sales +4.9% with strength in grocery and health & wellness, partially offset by softness in general merchandise" https://t.co/laOvCD4uCi
$WMT Walmart beats, comps +4%. Stock +2% pre-mkt https://t.co/OfElV3gkAg
Walmart U.S. comps up 4.0%. Transactions up 4.3%, but average ticket down 0.3% https://t.co/ORJrJjTmWk
Normalisation was key word at Depot in 2023. Over 4 years, remarkable that biz of this size grew sales 39% profit 37%, even after 4% US dip in 2023. And if you believe forecast 2024 comp of -1%, $HD has reached base to grow from again. $LOW $XLY https://t.co/fyQtObyFsA
Walmart U.S. comps up 4.0%. Transactions up 4.3% (more trips), but average ticket down 0.3% (less per trip) https://t.co/nLByNE7GGH
Walmart beats Wall Street’s holiday expectations, as e-commerce sales soar Earnings per share: $1.80 adjusted vs. $1.65 expected Revenue: $173.39b vs. $170.71 billion expected Walmart beats Wall Street’s holiday expectations, as e-commerce sales soar https://t.co/qdi8wXrhpE
💰 Walmart $WMT EPS. vs Forecast 1.8 / 1.64 🟢 Rev. vs Forecast 173.4B / 170.81B 🟢 Market Cap: 458.65B
Happy $WMT Morning! Shares back at an ATH going into the number after sliding >10% in post-Q3. Watch for: * Initiatives! Walmart is re-doing a lot of stores * Consumer outlook (Q3 "Seeing early weakness") * No mention of shrink * Grocery deflation (top-line impact?) https://t.co/LmAUzoJP1a
In the chair and ready to go! Chatting with @TheDomino around 5:10am ET. Tune in! https://t.co/B2aSdWUG8a https://t.co/SMJEyzxaBc
On today's show with @TheDomino: Markets: @RyanDetrick Election: Dan Tobon Retail: @StaceyRetail Trading: @GunjanJS Reporting: @CarolinRothTV, @SilvanaCNBC, @onlyyoontv, @RichardLui, and @mmcassella See you at 5am ET on @CNBC!
Walmart $WMT reports earnings tomorrow morning before the markets open, Wall ST is expecting numbers of EPS of $1.65 down 3.5% YoY Revenue of $169.3B up 4% YoY
Walmart Is Poised for Another Strong Quarter. Why Its Outlook Could Overshadow Results. https://t.co/ha2zvaDg2e
Amazon could be about to pass Walmart as the 🇺🇸 company that generates the most revenue Q4 Revenue: Amazon $AMZN: $169.96B Walmart $WMT: Reports earnings tomorrow morning (Analyst expectations: $169.3B) https://t.co/XlDvFVIdP1
$HD $WMT | Major Earnings Releases For 20th February https://t.co/eJSH0AS9Id
$WMT $HD | Walmart Vs. Home Depot: Which Stock Is The Better Buy Ahead Of Q4 Earnings https://t.co/30MHAUgcxu
P&G messaging very similar to Coke & Hershey, including comments about very strong Europe. Rare to find big staples speak so positively about developed markets. Clearly they’re seeing signs of rising real income driving demand. $PG $KO $HSY $XLP $WMT $XLF https://t.co/1HMOHDkjsD
Here Coke agrees with Hershey that US consumer is strengthening as real income rises & expects business to improve through 2024. And $KO states clearly that it will push volume at expense of price here. $PEP $HSY $XLP $XLY $WMT $KR https://t.co/QWWZRAfEY4
Hershey didn’t have a stellar Q. But even $HSY CEO gives a general thumbs up to the US consumer, pointing to improvement of late. $PEP $KO $WMT $XLP $XLY $XLF https://t.co/NFc5a2Eorh