Revenue segments as reported by the company.

Walmart US

Walmart International

Sam's Club

Membership & Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

SG&A

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Walmart

Bonobos is an e-commerce-driven apparel company headquartered in New York City that designs and sells men's clothing. The store has a specific emphasis on the sale of men's suits, trousers, denim, shirts, shorts, swimwear, outerwear and accessories. The company was founded by Stanford Business School students Andy Dunn and Brian Spaly, and launched as an exclusively online retailer in 2007.

Bonobos

Jet.com is an American e-commerce company headquartered in Hoboken, New Jersey. The company was co-founded by entrepreneur Marc Lore (who had sold his previous company, Diapers.com, to Amazon.com) along with Mike Hanrahan and Nate Faust, and has raised $820 million over four venture rounds from firms including Google Ventures, Goldman Sachs, Bain Capital Ventures, Accel Partners, Alibaba Group, and Fidelity. The site was publicly launched in July 2015.

Sam's West, Inc. (doing business as Sam's Club) is an American chain of membership-only retail warehouse clubs owned and operated by Walmart, founded in 1983 and named after Walmart founder Sam Walton. As of 2012, Sam's Club chain serves 47 million U.S. (including Puerto Rico) members and is the 8th largest U.S. retailer. As of January 31, 2008, Sam's Club ranks second in sales volume among warehouse clubs with $56.828 billion in sales (in fiscal year 2016) behind Costco.

Walmart, Inc. engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash and carry outside of the United States. The Sam's Club segment consists of membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

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Walmart reports robust Q1 sales growth and addresses inflation concerns

Walmart's Q1 2023 earnings call highlighted strong global sales growth, concerns about inflation impacting discretionary spending, and a focus on enhancing the supply chain and customer experience. The company is optimistic about investment opportunities and confident in its ability to outperform and pivot as needed.

Walmart reports strong Q2 earnings and optimistic about tech-driven growth

Walmart's strong Q2 performance and revised outlook for the year reflect its focus on being a people-led, tech-powered, omnichannel retailer. The company is optimistic about the potential of technology to drive growth and efficiency.

Walmart reports strong Q3 earnings and focuses on e-commerce growth

Walmart's Q3 earnings call highlighted strong revenue growth, e-commerce success, and a focus on delivering value to customers. The company faces challenges related to pricing, economic factors, and potential deflationary impacts but sees opportunities in its e-commerce growth and customer value proposition.

Walmart reports record-breaking sales, cautious outlook for FY '24

Walmart's Q4 earnings call highlighted strong global sales growth, strategic investments in technology, and a cautious outlook for FY '24. The company's focus on customer value, e-commerce expansion, and margin expansion through technology and automation positions it well for the future.

Walmart reports robust Q1 earnings, eyes international growth opportunities

Walmart's Q1 performance reflects strong sales growth and profitability, driven by e-commerce and international expansion. While facing mix challenges and inflation management, Walmart is strategically investing in supply chain automation and focusing on driving organic sales growth to enhance profitability and customer service.

Walmart reports robust Q2 earnings, eyes tech investments for growth

Walmart's Q2 earnings call highlighted strong sales performance, strategic investments in technology, and a focus on customer-centric initiatives. The company faces challenges in managing inflation impacts and margin pressures but sees opportunities in expanding revenue streams and enhancing e-commerce capabilities.

Walmart reports strong Q3 revenue growth and focuses on operational efficiency

Walmart's Q3 performance showcased robust revenue growth, driven by comp sales increases and e-commerce growth. Despite challenges in food pricing and inflation, the company remains focused on EDLP, digital businesses, and marketplace expansion for sustained growth. Walmart's emphasis on supply chain automation, operational efficiency, and aggressive pricing strategies positions it well for future success.

Walmart reports robust Q4 earnings, eyes eCommerce profitability and sustainability

Walmart's Q4 performance reflects strong sales growth, improved margins, and progress on sustainability goals. The company's focus on technology, innovation, and customer-centric strategies positions it well for future growth. Despite challenges in pricing and investments, Walmart's market share gains, digital penetration, and operational efficiencies present significant opportunities for continued success.

Walmart exceeds Q1 expectations, eyes international growth and tech innovation

Walmart's Q1 performance reflects strong sales growth and profitability, driven by strategic initiatives and investments in technology. While facing challenges in certain markets, Walmart is leveraging its strengths in customer experience and innovation to capitalize on growth opportunities and enhance its competitive position.

Revenue

Cost of revenue

Gross profit

Operating expenses

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Its stockrooms may still be stuffed full of goods the company doesn't actually want on hand.

Here's How Much Walmart's Inventory Situation Actually Improved Last Quarter

Foot Locker

Lowe's

Macy's

Target

It is no surprise that the combined weight of elevated inflation, rising interest rates and uncertainty about the economy have forced consumers to change their spending behavior.

Breaking Down Retail Earnings That Highlight Slowing Consumer Spending

Procter & Gamble

These companies flourish when money is tight.

2 No-Brainer Buys for 2023

Target and Walmart's Q3 reports support the narrative that consumers are cutting back on spending and seeking savings. Earnings from the two big retailers showed different pictures of how the challenging economic environment is affecting the companies.

Better Buy After Earnings: Target (TGT) Vs. Walmart (WMT) Stock

The retail giant is bucking the industry trends.

Walmart Just Showed Why It's the Ultimate Recession-Proof Stock

In the Battle of Retail Behemoths, the Latest Round Goes to Walmart

Walmart and Target's third-quarter results this week highlighted key differences between the retailers.

Walmart and Target's quarterly results lay bare the retailers' stark differences

The preeminent discount retailers had vastly different quarters heading into the important holiday season, but which is a better buy?

Walmart's and Target's Results Tell Two Very Different Stories: Which Is a Better Buy?

Full year 2023 earnings estimates have been coming down after peaking in mid-April, with the aggregate total down -8.4% from the peak for the index

Evaluating Further Downside Risks to Earnings Estimates

The contrast between Walmart and Target's reports could speak to the bigger trends at play in the U.S. economy and the tightrope it has to walk.

What Walmart and Target's Very Different Earnings Mean for a White Collar Recession

Shares of Walmart Inc. WMT, +0.47% rose 0.4% in midday trading Wednesday, adding to the previous session's 6.5% jump on a big earnings beat, even though so-called rival retailer Target Corp.'s stock TGT, -12.35% tumbled 12.7% after another hugely disappointing earnings report. The divergence in stock moves appears to be primarily because while both are broadline retailers, they are actually part of very different sectors.

Walmart, Target stocks diverge, highlighting difference between 'staple' and 'discretionary' labels

Target blamed its weak quarter on a range of factors: slowing sales, higher markdown rates, and an increase in "shrink," or retail theft.

Walmart is crushing Target by luring wealthier shoppers and dominating groceries

Home Depot

On the earnings front, yesterday both Home Depot and Walmart reported better than expected earnings.

A Tale Of Two Retailers

Walgreens and CVS have also announced agreements that include payouts of $10 billion.

Walmart Agrees to Settle Opioid Lawsuits for $3.1 Billion

Walmart joins CVS and Walgreens in paying more than $13 billion to communities to fight opioid addiction

Walmart to pay $3.1 billion to settle opioid lawsuits

Americans' budgets have been strained for months, which has nudged wealthier shoppers away from higher-end grocery chains and toward Walmart's aisles.

Inflation is still pushing higher-income shoppers to Walmart for groceries, giving the retailer a boost ahead of the crucial holiday season

Litigation over opioid manufacturing and distribution has led to settlements totaling more than $54 billion

Walmart to Settle State, Local Opioid Claims for $3.1 Billion

Walmart surprised investors with a sizable earnings beat. The company had previously guided for a double-digit decline in earnings but instead delivered modest growth.

Walmart Soars After Earnings: What To Know

Shares of Target Corp. TGT, +4.48% surged 3.4% toward a three-month high in afternoon trading Tuesday, a day before the discount broadline retailer reports fiscal third-quarter results, as investors appeared to feel emboldened after rival Walmart Inc.'s WMT, +7.43% strong earnings report. Target's stock, which has soared 16.4% over the past four sessions, is still 1.2% below where it closed the day before second-quarter results, while the Walmart's stock has rallied 6.1% and the S&P 500 SPX, +0.65% has dropped 8.0%.

Target stock surges a day before earnings report, as strong results from rival Walmart provides a boost

The company's U.S. comp sales grew 8.2% due to strong growth in food and e-commerce was up 16%.

Walmart Looks Ahead - Optimistically

The company's outlook has fluctuated wildly over the course of 2022, as inflation made for an uncertain retail landscape.

If Walmart Can't Figure Out the Economy, How Can Anyone Else?

Walmart Inc. (NYSE:WMT ) Q3 2023 Results Conference Call November 15, 2022 8:00 AM ET Company Participants Steph Wissink - Senior Vice President, Investor Relations Doug McMillon - President and CEO John David - Executive Vice President and Chief Financial Officer John Furner - President and CEO of Walmart U.S. Judith McKenna - President and CEO of Walmart International Kath McLay - President and CEO of Sam's Club Conference Call Participants Kate McShane - Goldman Sachs Bob Drbul - Guggenheim Robbie Ohmes - Bank of America Corey Tarlowe - Jefferies Kelly Bania - BMO Capital Markets Simeon Gutman - Morgan Stanley Chuck Grom - Gordon Haskett Michael Lasser - UBS Peter Benedict - Baird Scott Mushkin - R5 Capital Operator Greetings. Welcome to Walmart's Fiscal Year 2023 Third Quarter Earnings Call.

Walmart Inc. (WMT) Q3 2023 Earnings Call Transcript

Walmart's (WMT) third-quarter fiscal 2023 results reflect sales growth across all the company's segments. Management raises the fiscal 2023 guidance and announces a new buyback plan.

Walmart (WMT) Q3 Earnings & Revenues Top Estimates, View Raised

The big-box company is attracting higher-income consumers. They hold the key to unlocking Walmart's so-called flywheel.

Walmart's Flywheel Is Stuck in Low Gear

Shares of Walmart Inc (NYSE: WMT) are up roughy 7.0% on Tuesday after the retail behemoth reported better-than-expected results for its fiscal third quarter and raised its future guidance. Highlights from CFO's interview with Yahoo Finance Walmart stock is gaining also because the big box retailer announced a $20 billion share repurchase programme.

News for Walmart Stock (WMT)