Walmart this morning released its final results for Q4 and the just completed fiscal year, saying that Q4 revenue was $173.4 billion, up 5.7 percent from the same period a year ago. Q4 operating income was up 13 percent to $7.3 billion.
US same store sales for the quarter were up four percent.
Global e-commerce sales for the quarter were up 23 percent.
Total annual revenue for the fiscal year was $648.1 billion, up six percent from the previous year. Operating income for the fiscal year was up 32 percent to
$27 billion. US same-store sales for the year were up 5.6 percent.
Global ad sales for the year were up 28 percent top $3.4 billion.
In its analysis, the Wall Street Journal writes that
“Shoppers are spending less per trip to Walmart for the first time in over two years, a sign that prices are cooling in some categories along with inflation at the country’s largest retailer.” Growth in same-store sales, the story notes, was “driven by more visitors, not higher purchase prices.”
Walmart also said Tuesday it agreed to purchase TV maker Vizio for $2.3 billion, “a deal it hopes will be a major boost to its growing advertising business.”
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