Overview
- Walmart reported Q4 revenue of $190.7 billion, up 5.6%, with adjusted EPS of $0.74, U.S. comparable sales up 4.6%, and global e-commerce growth of 24% including 27% in the U.S.
- Management guided to FY2027 adjusted EPS of $2.75–$2.85 and net sales growth of 3.5%–4.5%, and projected Q1 EPS of $0.63–$0.65, all below Wall Street expectations.
- Higher-margin businesses strengthened results, with global advertising up 37% (Walmart Connect U.S. up 41%), membership fee income rising more than 15%, and operating income growing faster than sales.
- The company announced a new $30 billion share repurchase program, while shares slipped in early trading as investors reacted to the conservative outlook.
- The report marked John Furner’s first quarter as CEO, with leadership highlighting AI-driven initiatives and continued share gains across income tiers as food inflation shows signs of easing.