Walmart’s shares dropped by 6% after the company announced that its profit growth would slow in the upcoming fiscal year. Despite this, the retailer reported a 4% increase in holiday-quarter revenue and a 20% jump in U.S. e-commerce sales. For the fiscal year ahead, Walmart expects net sales to grow by 3% to 4% and adjusted operating income to rise by 3.5% to 5.5%. This forecast includes a 1.5 percentage point headwind from acquiring Vizio and a leap year in 2024. The company’s adjusted operating income grew by 9.7% in the last fiscal year. However, its full-year adjusted earnings per share are projected at $2.50 to $2.60, falling short of Wall Street’s $2.76 expectation. In the fiscal fourth quarter, net income was $5.25 billion, or 65 cents per share, down from $5.49 billion or 68 cents per share the previous year. Revenue increased from $173.39 billion. U.S. comparable sales rose by 4.6%, and Sam’s Club saw a 6.8% increase, excluding fuel. Global e-commerce sales grew by 16%. Despite these gains, Walmart’s conservative outlook reflects caution due to economic uncertainties and potential tariffs.
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