In a press release dated February 18th. Walmart Stores Inc. (WMT) announced results for Q4 and FY 2020 ending January 31st 2020.
The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as US$ x 1,000 except EPS)
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4th Quarter Ending January 31st.
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FY 2020
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FY 2019
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Difference (%)
|
|
Sales:
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$141,671,000
|
$138,793,000
|
+2.1
|
|
Gross profit:
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$33,923,000
|
$31,045,000
|
+9.3
|
|
Operating income:
|
$5,322,000
|
$6,067,000
|
-12.3
|
|
Pre-tax Income
Net Income
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$5,673,000
$4,141,000
|
$5,664,000
$3,687,000
|
+0.2
+12.3
|
|
Diluted earnings per share:
|
$1.45
|
$1.27
|
+14.2
|
|
Gross Margin (%)
|
23.9
|
22.4
|
+6.7
|
|
Operating Margin (%)
|
3.8
|
4.3
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-11.6
|
|
Profit Margin (%)
|
2.9
|
2.7
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+7.4
|
|
Long-term Debt and obligations:
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$64,192,000
|
$43,520,000
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+47.5
|
|
12 Months Trailing:
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|
|
|
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Return on Assets (%)
|
5.8
|
|
|
|
Return on Equity (%)
|
10.7
|
|
|
|
Operating Margin (%)
|
4.2
|
|
|
|
Profit Margin (%)
|
2.8
|
|
|
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Total Assets
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$236,495,000
|
$219,295,000
|
+7.8
|
|
Market Capitalization
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$339,381,000
|
|
|
|
52-Week Range in Share Price: $95.00 to $ 125.38 50-day moving average $116.35
Market Close Feb. 14th $117.60 Feb. 18th 13H30 post release $119.63.
Forward P/E 22.9. Beta 0.4 PEG ratio 4.6
For Q4
- U.S. Walmart sales were $90.5 billion with an operating income of $4.4 billion
- International Walmart sales were $33.0 billion with an operating income of $1.1 billion
- Sam’s Club sales were $15.3 billion with an operating income of $0.8 billion
U.S. comps attained 1.9 percent, International, 2.3 percent and Sam’s, 0.8 percent.
E-commerce advanced 35 percent.
For FY 2020 WMT earned $14.88 billion on sales of $519.93 billion with an EPS of $5.22. For the previous FY 2019 WMT earned $6.67 billion on sales of $510.33 billion with an EPS of $2.28. WMT incurred a charge of $8.37 in FY 2019 compared to a gain of $1.96 in FY 2020.
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Doug McMillion CEO WMT |
In commenting on results Brett Biggs, CFO said: “The fourth quarter started and ended strong with solid sales growth through Cyber Monday and into January. In the few weeks before Christmas, we experienced some softness in a few general merchandise categories in our U.S. stores. However, Walmart U.S. grocery sales and E-Commerce sales were strong throughout the quarter. Sam’s Club performed well, including solid results in E-Commerce. We experienced softness in some key international markets, as well as in Chile, where unrest led to disruption in the majority of our stores. Walmex, China and Flipkart all had a solid quarter.
FY 2021 guidance included sales growth of 3 percent, U.S comps of 2.5 percent and an EPS range of $5.00 to $5.15.
Walmart operates 11,5000 stores under 56 banners in 27 nations with 2.2 million employees.