Bentonville / AR. (wama) Walmart Inc. announced its financial results for the fourth quarter of fiscal 2021 – the three months ended December 31, 2020. An annual revenue of nearly USD 560 billion resulted in USD 35 billion of growth; USD 40 billion of growth in constant currency, the company said in its statement. Fourth-quarter highlights:
- Walmart U.S. Q4 comp sales grew 8.6 percent and Walmart U.S. eCommerce sales grew 69 percent.
- Q4 FY21 GAAP EPS of (USD 0.74); Adjusted EPS of USD 1.39. Decision to repay property tax relief in the U.K. lowered GAAP EPS and Adjusted EPS by USD 0.07; Covid-related costs were USD 1.1 billion in Q4.
- Walmart continues to build the next generation business model, investing in automation to fuel future sales and earnings growth. FY22 capital investments are expected to be nearly USD 14 billion to build supply chain capacity and automation to stay ahead of demand, improve the customer experience and increase productivity.
- Walmart will also invest in U.S. wages, raising the associate average to above USD 15 per hour.
- Net sales, operating income and EPS are expected to decline in FY22 primarily due to the impact of anticipated divestitures. Excluding the effect of divestitures, net sales are expected to grow low single-digits with operating income and EPS expected to be flat to up slightly.
- The company increased its dividend for the 48th consecutive year and approved a new USD 20 billion share repurchase program.
For additional information please read the Company’s PDF file below (437 KB):20210222-WALMART-Q4-2020