As per reports, Walmart Stores, Inc.’s (WMT) fourth-quarter earnings beat estimates reporting a 10% increase to $1.53 per share, with sales of $152.87 billion.
U.S. Walmart same-store sales excluding fuel advanced 5.6%, in line with forecasts. Walmart’s U.S. e-commerce sales were up just 1% versus a year earlier. Sam’s Club comp sales also increased 10.4%. Walmart sees U.S. Walmart comps rising slightly more than 3% in the new fiscal 2023. The retail giant stuck to its long-term growth forecast for earnings to rise in the mid-single digits.
Walmart plans to buy back $10 billion worth of its stock in fiscal 2023. The board of Walmart announced a cash dividend of $2.24 per share, an increase of approximately 2 percent from the $2.20 per share paid for the last fiscal year.
Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
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