• Strong revenue growth of 5.7% with operating income growing faster at 30.4%; adjusted operating income up 13.2%1
• eCommerce up 23% globally, surpassing $100 billion for the year • GAAP EPS of $2.03; Adjusted EPS of $1.801 • Company provides outlook for Q1 and FY25
• Company raises annual dividend 9% “ 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.

Bentonville, AK —  Walmart Inc. released Q4 results, including strong revenue growth of 5.7%.

The Company’s omnichannel model continues to resonate with customers helping to deliver strong growth, including comp sales of 4.0%3 for Walmart U.S. Looking ahead, the company issues guidance for FY25, including growth in net sales in constant currency of 3% to 4% and operating income of 4% to 6%.

Fourth Quarter Highlights:

• Consolidated revenue of $173.4 billion, up 5.7%, or 4.9% (cc)1 • Consolidated gross margin rate up 39bps due to improvement at Walmart U.S.
• Consolidated operating income up $1.7 billion, or 30.4%; adjusted operating income up 13.2%1 , positively affected by currency and LIFO of 2.3% and 1.0%, respectively
• Global eCommerce sales grew 23%
• Global advertising business2 grew approximately 33%, including 22% for Walmart Connect in the U.S. • Adjusted EPS1 of $1.80 excludes the effect, net of tax, from a net gain of $0.23 on equity and other investments
• Walmart agrees to buy VIZIO HOLDING CORP. to further accelerate Walmart Connect in the U.S. Full Year Highlights
• Consolidated revenue of $648.1 billion, up 6.0%, or 5.5% (cc)1
• Global advertising business2 grew approximately 28% to reach $3.4 billion
• Consolidated operating income up $6.6 billion, or 32.2%; adjusted operating income up 10.2%1 , growing faster than sales
• ROA at 6.6%; ROI at 15.0%1 , up 230 bps • GAAP EPS of $5.74; Adjusted EPS of $6.651 1 See additional information at the end of the release regarding non-GAAP financial measures. 2 Our global advertising business is recorded in either net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement. 3 Comp sales for the 13-week period ended January 26th, 2024 compared to the 13-week period ended January 27th, 2023, and excludes fuel.