Walmart releases Q4 and FY23 earnings; revenue up 7.3% globally with broad-based strength across segments, US comp sales up 8.3%, e-commerce up 17%

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February 21, 2023 (press release) –

Walmart revenue up 7.3% globally with broad-based strength across segments
Walmart U.S. grew comp sales¹ 8.3%, with eCommerce growth of 17%
Q4 FY23 GAAP EPS of $2.32; Adjusted EPS² of $1.71
Company provides outlook for Q1 and FY24

Q4 FY23 Earnings at a Glance

Total Revenue

Total revenue was $164.0 billion, up 7.3%, or 7.9% in constant currency ².

U.S. Comp Sales

Walmart U.S. Q4 comp sales ¹ grew 8.3% and 13.9% on a two-year stack. Continued to gain market share in grocery.

Walmart U.S. eCommerce

Walmart U.S. eCommerce growth was 17% and 18% on a two-year stack.

Sam's Club Comp Sales

Sam’s Club comp sales ¹ increased 12.2%, and 22.6% on a two-year stack. Membership income increased 7.1% with member count at an all-time high.

Walmart International

Walmart International net sales were $27.6 billion, an increase of 2.1% and negatively affected by $0.9 billion from currency fluctuations, while constant currency sales were $28.5 billion, an increase of 5.5%. Walmex, China, and Canada led the way.

Operating Income

Adjusted operating income ² was $6.4 billion, an increase of 6.9%.

Earnings Per Share

GAAP EPS of $2.32; Adjusted EPS ² of $1.71 excludes the effects of $1.16 from net gains on equity and other investments and $0.55 from charges related to reorganization and restructuring.

¹ Comp sales for the 13-week period ended January 27, 2023 compared to the 13-week period ended January 28, 2022, and excludes fuel. See Supplemental Financial Information for additional information.
² See additional information at the end of this release regarding non-GAAP financial measures.

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