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Mike Mozart
Walmart reported $4.27 in diluted earnings per share, down from $4.87 in the prior year. The company’s overall revenue increased 6.7% year over year to $611.289 billion.
In the final quarter of the fiscal year, the company's consolidated net income grew 1.8 times to $6.275 billion. The diluted earnings per share were $2.32, up from $1.28 in the prior year. The business's overall sales for the fourth quarter increased 7.3% to $164.048 billion. The amount expected by analysts was $159.77 billion.
The company anticipates consolidated revenue growth of 4.5–5% and consolidated operating profit increase of 3.5–4% in the first quarter of 2023–2024. 2.5–3% growth in consolidated sales and a 3%–5% increase in operating profit is expected for the entire year.
source: bloomberg.com
In the final quarter of the fiscal year, the company's consolidated net income grew 1.8 times to $6.275 billion. The diluted earnings per share were $2.32, up from $1.28 in the prior year. The business's overall sales for the fourth quarter increased 7.3% to $164.048 billion. The amount expected by analysts was $159.77 billion.
The company anticipates consolidated revenue growth of 4.5–5% and consolidated operating profit increase of 3.5–4% in the first quarter of 2023–2024. 2.5–3% growth in consolidated sales and a 3%–5% increase in operating profit is expected for the entire year.
source: bloomberg.com
