other material
confidence high
sentiment positive
materiality 0.70
Walmart reaffirms FY24 guidance, outlines 4% sales growth target and supply chain automation
Walmart Inc.
- Reaffirms FY24 Q1 guidance: net sales +4.5-5% constant currency, adj. EPS $1.25-$1.30.
- Reaffirms FY24 full-year guidance: net sales +2.5-3% constant currency, adj. EPS $5.90-$6.05.
- Targets ~4% sales growth and 4%+ operating income growth over 3-5 years; operating income could exceed prior outlook.
- By end FY26, expects 65% of stores serviced by automation, 55% fulfillment volume automated, unit cost improvement ~20%.
- FY24 capex flat to slightly Up, focused on technology, supply chain, and customer initiatives.