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.
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