Walmart on Tuesday reported comparable sales were up 8.3% and e-commerce sales grew 17% in the U.S. in the fourth quarter. Total global revenue for the quarter was up 7.3% to $164 billion, while revenue for the full year rose 6.7% to $611.3 billion.
The company said its Q4 consolidated operating income was $5.6 billion, a decrease of 5.5%, while Q4 adjusted operating income was $6.4 billion, an increase of 6.9%. Gross profit rate declined 83 basis points, due to markdowns and mix of sales.
For 2023, Walmart expects consolidated net sales to increase between 2.5% and 3%, and for U.S. comp sales to increase between 2% and 2.5%.Retail Dive