FY20 | Q4 Earnings and Full Year Results
February 18, 2020
Message from Doug
"We thank our associates for another good year. In Q4, we saw strong performance in the U.S. with eCommerce and Sam’s Club, plus strength in Mexico, India and China. We started and finished the quarter with momentum, while sales leading up to Christmas in our U.S. stores were a little softer than expected. The new year has started off well, and we look forward to another strong year. We remain focused on providing our customers with the best omnichannel experience from any retailer." — Doug McMillon, President and CEO, Walmart
FY20 | Q4 Earnings Results
Total revenue was $141.7 billion, an increase of $2.9 billion, or 2.1%.
Walmart U.S.: Walmart U.S. comp sales* grew 1.9% and Walmart U.S. eCommerce sales grew 35%.
Sam’s Club: Comp sales* increased 0.8%, and eCommerce sales grew 33%. Reduced tobacco sales negatively affected comp sales by ~300 basis points.
Walmart International: Net sales were $33 billion, an increase of 2.3%. Disruption in Chile negatively affected operating income by ~$110 million.
FY20 | Full Year Results
Total revenue was $524 billion, an increase of $9.6 billion, or 1.9%. Excluding currency*, total revenue was $528.1 billion, an increase of $13.7 billion, or 2.7%.
Walmart U.S.: Comp sales* increased 2.8% and 6.4% on a two-year stacked basis. Walmart U.S. eCommerce sales grew 37%.
Sam’s Club: Comp sales* increased 0.7%. Reduced tobacco sales negatively affected comp sales by ~310 basis points. Membership trends were strong.
Walmart International: Net sales increased 2.8% in constant currency* with strength in Mexico, China and India.
*For additional information regarding non-GAAP financial measures, click here.
For more earnings related materials, visit our corporate website.