Walmart Q4 FY20 revenue increases to $141.7 billion

20 Feb '20

2 min read

Pic: Walmart

Walmart, a US based multinational retail corporation, reported 2.1 per cent increase in revenue to $141.7 billion in fourth quarter (Q4) FY20 compared to same period prior year. For complete fiscal year 2019, total revenue increased 1.9 per cent to $524.0 billion compared to $514.4 billion in FY19. Operating income in Q4 fell 12.3 per cent to $5.3 billion.

Operating income in FY20 that ended on January 31, 2020 decreased 6.3 per cent to $20.6 billion.

Walmart US comparable sales in Q4 increased on a two-year stacked basis by 6.0 per cent with continued strength in food and consumables. Walmart US e-commerce had strong growth in grocery pickup and delivery, and walmart.com had its highest quarterly growth rate of the year.

Sam's Club comparable sales increased 0.8 per cent and e-commerce sales grew 33 per cent in the quarter.

Net sales at Walmart international were $33.0 billion, an increase of 2.3 per cent. Disruption in Chile negatively affected operating income by approximately $110 million.

For FY20, Walmart US comparable sales increased 2.8 per cent and 6.4 per cent on a two-year stacked basis.

Walmart US e-commerce sales grew 37 per cent. Net Promoter Score and the Customer Value Index improved.

Sam's Club comparable sales increased 0.7 per cent.

International net sales increased 2.8 per cent in constant currency with strength in Mexico, China and India.

Walmart in their outlook for FY21 made assumptions that include economic conditions, currency rates and the tax and regulatory landscape remain generally consistent. The company continues to monitor the events in Chile and the Coronavirus outbreak and has not included any potential financial effects in its assumptions. Additionally, the guidance assumes no further change in fair value of the company's equity investment in Dada-JD Daojia.

Fibre2Fashion News Desk (JL)

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