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Retail giant Walmart Inc. (NYSE: WMT ) on Tuesday reported impressive earnings and revenue growth for the fourth quarter of 2023. The numbers also beat consensus estimates.
Fourth-quarter earnings, excluding special items, rose to $1.71 per share from $1.53 per share in the corresponding period in 2022. That was also above expert projections. On an unadjusted basis, the company reported net income of $6.28 billion or $2.32 per share, compared to $3.56 billion or $1.28 per share a year earlier.
At $164.05 billion, total revenue rose 7.3% year-on-year in the three-month period, which also exceeded estimates. U.S. same-store sales rose 8.3%.
Check out this space to read management/analyst commentary on Walmart’s Q4 results
Walmart shares declined Tuesday morning after the earnings announcement, after closing the previous session higher.
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