On Tuesday, February 20th, Walmart reported another strong quarter with total revenue +5.7% and US comp store sales +4.0% in Q4, both measures beating analyst expectations. These results came despite management’s more cautious stance around Q4 performance on last quarter’s earnings call, and the team noted feeling better about the overall health of the economy compared to this time last year. The company’s focus areas remain the same for FY25: keep growing topline sales, test and scale automation, and drive Marketplace and advertising to improve the makeup of the company’s overall P&L. Management confirmed the acquisition of connected TV company Vizio to support its ongoing advertising efforts.
Download Harvest Group’s full Walmart Q4 2023 Earnings recaps with takeaways for suppliers here:
