Summary
Walmart Inc. reported strong performance for the fiscal year ended January 31, 2021, with total revenues reaching $559.2 billion, an increase driven by robust comparable sales growth across its major segments, particularly Walmart U.S. The company navigated the challenges of the COVID-19 pandemic, which accelerated its eCommerce growth and omni-channel initiatives, while also incurring incremental operating costs. Strategic actions, including divestitures of international operations, were undertaken to strengthen the long-term portfolio. Walmart demonstrated resilience and adaptability, with a significant boost in eCommerce sales contributing positively to comparable sales. The company continues to invest in technology, supply chain, and customer-facing initiatives, including the launch of Walmart+. Despite increased costs related to the pandemic and restructuring charges, the company maintained operating discipline and generated substantial free cash flow, underscoring its financial strength and commitment to shareholder returns through dividends and share repurchases. The company's outlook remains focused on efficient growth and strategic capital allocation.
Financial Highlights
52 data points| Revenue | $555.23B |
| Cost of Revenue | $420.31B |
| Gross Profit | $134.92B |
| SG&A Expenses | $116.29B |
| Operating Income | $22.55B |
| Interest Expense | $1.98B |
| Net Income | $13.51B |
| EPS (Basic) | $1.59 |
| EPS (Diluted) | $1.58 |
| Shares Outstanding (Basic) | 8.49B |
| Shares Outstanding (Diluted) | 8.54B |
Key Highlights
- 1Total revenues reached $559.2 billion, an increase of 6.7% year-over-year, driven by strong comparable sales growth in Walmart U.S. and Sam's Club.
- 2COVID-19 pandemic accelerated eCommerce growth, with eCommerce sales contributing significantly to comparable sales across segments.
- 3Launched Walmart+ membership program offering omni-channel benefits to customers.
- 4Generated $36.1 billion in net cash provided by operating activities and $25.8 billion in free cash flow.
- 5Continued strategic capital allocation towards eCommerce, technology, and supply chain, while reducing new store openings.
- 6Returned significant capital to shareholders through $6.1 billion in dividends and $2.6 billion in share repurchases.
- 7Experienced an increase in operating income to $22.5 billion, driven by higher net sales and improved gross profit rate.