Walmart Shares Pop as US Online Sales Drive 4.6% Year-on-Year Revenue Bump
Walmart shares advanced 2.2 percent Tuesday to $102.20 after the company’s Q4 earnings report showed a 1.9 percent revenue increase to $138.8 billion from the year-earlier holiday quarter. In the U.S., its 43 percent bump in e-commerce sales fueled an…
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overall 4.6 percent year-on-year revenue hike to $90.5 billion, while international sales fell 2.3 percent and Sam’s Club sales dropped 3.7 percent. Average tickets in the U.S. grew 3.3 percent for the quarter vs. 1 percent a year ago. Electronics, along with toys, home and seasonal merchandise, were Walmart U.S.’ strongest performers in Q4, said the company’s Tuesday earnings presentation, while Sam’s Clubs' technology/office/entertainment category saw negative single-digit comparable sales as an “intentional de-emphasis on events across consumer electronics were offset by mobile and gift cards that performed well.” Walmart’s traffic grew 0.9 percent in the quarter. Last week, the National Retail Federation reported U.S. holiday retail sales came in below forecast, growing 2.9 percent to $707.5 billion, while online and other non-store sales increased 11.5 percent to $146.8 billion (see 1902140019).