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HomeBusinessWatch: Walmart posts Q4 results, exceeds analysts estimates, share price rises eight...

Watch: Walmart posts Q4 results, exceeds analysts estimates, share price rises eight percent

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Ken Wolter

Walmart has posted excellent results in the last quarter of the year. Although the giant retailer was expecting a good holiday quarter, the sales have exceeded analysts’ expectations. Both e-commerce and in-store revenue continue on an upward trajectory, and the big box retailer also confirmed that it would be acquiring Vizio, as reported earlier. The nation’s largest retailer also announced a three-for-one share split to encourage its employees to invest in their future at Walmart.

On its website, Doug McMillon, President & CEO of Walmart, said, “Our team delivered a great quarter, finishing off a strong year. We crossed $100 billion in eCommerce sales and drove share gains as our customer experience metrics improved, even during our highest volume days leading up to the holidays. We’re proud of the team and excited about building on our momentum as we work to decrease prices for our customers and members.”

 

Walmart posted a total revenue of $173.39 billion, which was higher than the $170.71 estimate by analysts, according to LSEG. Formerly known as Refinitiv, LSEG said that its survey of analysts’ expectations for earnings per share (EPS) adjusted was $1.65, while the big box retailer posted an adjusted EPS of $1.80.

Walmart’s future outlook included a rise of 4 percent to 5 percent in the fiscal first quarter. The giant retailer expects a consolidated increase of 3 to 4 percent for fiscal 2025.

Walmart shares saw a 5 percent increase in early trading. The stock is up 8 percent this year, outperforming the S&P 500, which has seen a 5 percent rise in the same period.

Some reasons for Walmart performing above Wall Street expectations and other giant retailers include its aggressive plans. Upgrading stores has helped to increase sales. Walmart is also seeing increased sales through its Walmart Plus subscription plans. The fulfillment cost has dropped by 20 percent, and ad revenue has increased. The company also added automation to boost margins and efficiency. While other retailers close stores, Walmart said it would open or expand over 150 stores in the U.S. in the next five years.

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