Walmart Q4 Earnings: Revenue And EPS Surprise, Dividend Hike, VIZIO Buyout And More
Portfolio Pulse from Anusuya Lahiri
Walmart Inc (NYSE:WMT) reported a Q4 FY24 net sales increase of 5.7% Y/Y to $173.39 billion, surpassing consensus estimates. Adjusted EPS was $1.80, also beating expectations. The company announced a dividend hike and an acquisition of VIZIO Holding Corp (NYSE:VZIO) for approximately $2.3 billion. Walmart's U.S. operations saw significant growth, with eCommerce sales up 17%. The company expects Q1 consolidated net sales growth of 4.0% to 5.0% and adjusted EPS of $1.48 - $1.56. FY25 projections include net sales growth of 3.0% to 4.0% and adjusted EPS of $6.70 - $7.12.
February 20, 2024 | 2:21 pm
News sentiment analysis
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POSITIVE IMPACT
VIZIO Holding Corp is being acquired by Walmart for approximately $2.3 billion, at $11.50 per share in cash, which is likely to impact its stock price positively.
The acquisition by Walmart represents a significant premium on VIZIO's current market price, indicating a positive short-term impact on VIZIO's stock price as the market reacts to the buyout news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Walmart reported strong Q4 FY24 results, surpassing sales and EPS estimates, announced a dividend increase, and expects positive growth in FY25. Shares rose 4.55% premarket.
Walmart's better-than-expected Q4 performance, dividend increase, and optimistic outlook, along with the strategic acquisition of VIZIO, are likely to positively impact investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100