Walmart Releases 2018 Q4 Earnings – eCommerce Sales Up 40 Percent
Walmart released its Q4 earnings this morning and here are some of the highlights.
- Do you need a business bank account for your online business? Have a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits.
- Boost your social media engagement with Publer. Learn how you can save time writing engaging content faster with AI. [sponsored]
- eBay to compete with sellers now!
- New stamp prices and fee increases are coming from USPS on July 9.
- SMALL BUSINESS WEEK SPECIAL: Three tips for SMB ecommerce success in 2023.
We will have a more comprehensive story later today with focus on Walmart’s eCommerce operations.
- Total revenue was $138.8 billion, an increase of $2.5 billion, or 1.9%. Excluding currency, total revenue was $140.5 billion, an increase of $4.2 billion, or 3.1%.
- Walmart U.S. comp sales on a two-year stack of 6.8% is the strongest growth in 9 years.
- Walmart U.S. eCommerce continued to benefit from the expansion of grocery pickup and delivery and a broader assortment on Walmart.com.
- Sam’s Club comp sales increased 3.3%, and eCommerce sales grew 21%.
- Net sales at Walmart International were $32.3 billion, a decline of 2.3%. Excluding currency, net sales were $34.0 billion, an increase of 2.7%.
- Adjusted EPS excludes the effects of two items:
- A charge of $0.17 due to an adjustment in the provisional amount related to Tax Reform
- An unrealized gain of $0.03 on the company’s equity investment in JD.com
Fiscal Year 2019 Highlights
- Total revenue was $514.4 billion, an increase of $14.1 billion, or 2.8%. Excluding currency, total revenue was $515.1 billion, an increase of $14.8 billion, or 3.0%.
- Walmart U.S. comp sales increased 3.6%. Grocery pickup and delivery are available in more than 2,100 and nearly 800 locations, respectively.
- Walmart U.S. eCommerce sales increased 40%. Net Promoter Score and the company’s Customer Value Index continue to improve.
- The company generated $27.8 billion in operating cash flow and returned $13.5 billion to shareholders through dividends and share repurchases.
- Adjusted EPS excludes the effects of three items:
- A charge of $1.54 related to the sale of a majority stake in Walmart Brazil
- An unrealized loss of $0.95 on the company’s equity investment in JD.com
- A charge of $0.16 due to an adjustment in the provisional amount related to Tax Reform
Subscribe to Our Newsletter
We do not sell your information.
You can unsubscribe at any time.
CONNECT WITH US
Head over to our Facebook Group for Small Business Marketplace Sellers and interact with us and other small business owners. Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.
Richard is co-founder of eSeller365. He has over 17 years of experience on eBay which includes tens of thousands of sales to buyers in over 100 countries and even has experience with eBay’s VeRO program enforcing intellectual property rights for a former employer. And for about two years Richard sold products on Amazon using Amazon FBA in the US.
To “relax” from the daily business grind, for a few weekends a year, he also works for IMSA as a professional race official.