HighGravityDataWalmart — Feb 20, 2025 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000104169-25-000010
Showing in the filing
Net sales (cc)
“3% to 4%”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 12
Net sales (cc) for FY2026
“3% to 4%”
Annual dividend for FY2025
“13% to $0.94 per share”
Net sales (cc) for Q1 FY2026
“Increase 3.0% to 4.0% • Including approximately 100 bps headwind from lapping leap year • Including approximately 15 bps tailwind from acquisition of VIZIO”
Adj. operating income (cc) for Q1 FY2026
“Increase 0.5% to 2.0% • Including approximately 250 bps headwind from lapping leap year • Including approximately 70 bps headwind from acquisition of VIZIO”
Adjusted EPS for Q1 FY2026
“$0.57 to $0.58, including approximately $0.02 headwind from currency”
Adj. operating income (cc) for FY2026
“Increase 3.5% to 5.5% • Including approximately 70 bps headwind from lapping leap year • Including approximately 80 bps headwind from acquisition of VIZIO”
Adjusted operating income (cc) for FY2026
“3.5% to 5.5%”
Interest, net for FY2026
“Increase approximately $100M to $200M”
Effective tax rate for FY2026
“Approximately 23.5% to 24.5%”
Non-controlling interest for FY2026
“Relatively flat”
Adjusted EPS for FY2026
“$2.50 to $2.60, incl”
Capital expenditures for FY2026
“Approximately 3.0% to 3.5% of net sales”
Exhibit 99.1 · the passage around this item
… earlier in the release
Globally, eCommerce grew 16% with penetration up across all segments. Walmart U.S. comp sales up 4.6% 2 with positive growth in general merchandise. Looking ahead, the Company issues guidance for FY26 with net sales expected to grow 3% to 4% and adjusted operating income in constant currency (“cc”) 1 to grow 3.5% to 5.5%, including a headwind of 150 basis points from the acquisition of VIZIO Holding Corp. (“VIZIO”) and lapping leap year. Our team finished the year with another quarter of strong results. We have momentum driven by our low prices, a growing assortment, and an eCommerce business driven by faster delivery times. We’re gaining market share, our top line is healthy, and we’re in great shape with inventory. We’ll stay focused on growth, improving operating margins, and strengthening ROI as we invest to serve our customers and members even better.” Doug McMillon President and CEO, Walmart Fourth Quarter Highlights • Revenue of $180.6 billion, up 4.1%, or 5.3% (cc) 1 • Gross margin rate up 53 bps, led by Walmart U.S. • Operating income up $0.6 billion, or 8.3% , adjusted up 9.4% (cc) 1 due to higher gross margins and growth in membership income; also benefited from improved economics in eCommerce • Global eCommerce sales grew 16%, led by store-fulfilled pickup & delivery and U.S. marketplace; growth negatively affected by timing of Flipkart’s Big Billion Days sales event (“BBD”) • Global advertising business 3
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.