• Post last modified:January 25, 2023

On February 17th, Walmart surprised investors by meeting Walmart’s guidance for Q4, beating market estimates for Q4 revenue and earnings per share. For the first time, Walmart U.S. quarterly revenue surpassed $100B, reaching $105.3B in Q4. Company leaders emphasized ongoing Grocery market share gains, widening price gaps versus competitors, and significant opportunities for additional growth in the coming years. In offering a forecast for FY2023, the company insisted in the face of skepticism from investors that they can meet their target of 4% annual net sales increase, buoyed by improvement of in-stocks, supply chain automation, and digital contribution profit.

Download the full Earnings Report with unique Harvest Group Takeaways for Suppliers at Walmart here:

To download additional Q4 Retailer Earnings Reports visit: