Walmart reports record Q4 and FY21 revenue

Annual revenue of nearly $560 billion resulted in $35 billion of growth; $40 billion of growth in constant currency

Walmart Inc. WMT:

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Fourth-quarter highlights

• Walmart U.S. Q4 comp sales grew 8.6% and Walmart U.S. eCommerce sales grew 69%.
• Q4 FY21 GAAP EPS of ($0.74); Adjusted EPS of $1.39. Decision to repay property tax relief in the U.K. lowered GAAP EPS and Adjusted EPS by $0.07; COVID-related costs were $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 $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 $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 48^th consecutive year and approved a new $20 billion share repurchase program.

About Walmart

Walmart Inc. WMT helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, nearly 230 million customers and members visit approximately 10,800 stores and clubs under 51 banners in 25 countries and eCommerce websites. With fiscal year 2021 revenue of $559 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting https://corporate.walmart.com, on Facebook at https://facebook.com/walmart and on Twitter at https://twitter.com/walmart.

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