Posted 2/20/2024, 10:17:00 PM
Walmart Posts Strong Q4 but Sees Slower Growth Ahead as Shoppers Spend Less
- Walmart reported strong Q4 results but forecasts modest earnings growth as high inflation causes customers to spend less per shopping trip
- Purchasing smart TV maker Vizio for $2.3B to boost ad business and access 18M active SmartCast accounts
- Announced biggest dividend hike in over 10 years
- Shoppers pulled back spending in January after holiday splurge, indicating economic impact beyond Walmart
- Earnings per share forecast $1.48-$1.56 for Q1 and $6.70-$7.12 for the year, slower sales growth anticipated