Company news: Walmart (WMT) quarterly results top analysts’ estimates

Walmart (WMT) reported Q4 FY2024 earnings of $1.80 per share (versus $1.71 per share in Q4 FY2023), beating analysts’ consensus estimate of $1.64 per share.

The company’s quarterly revenues amounted to $173.400 bln (+5.7% y/y), beating analysts’ consensus estimate of $170.854 bln.

The company also issued guidance for Q1 FY2025, seeing EPS of $1.46-1.56 versus analysts’ consensus estimate of $1.60 and revenues of +4-5% y/y to $158-160 bln versus analysts’ consensus estimate of $157.27 bln.

For the full FY2025, the company predicts EPS of $6.70-7.12 versus analysts’ consensus estimate of $7.06 and revenues of +3-4% y/y to $667.6-674.1 bln versus analysts’ consensus estimate of $666.93 bln.

In addition, Walmart announced a 9% increase in its annual cash dividend to $0.83/share on a post-stock split basis or $2.49/share on a pre-split basis.

WMT rose to $175.00 (+2.72%) in pre-market trading.