BENTONVILLE, Ark. – Walmart Inc. reported earnings and sales growth for the fourth quarter aided by a strong holiday shopping quarter and the company’s e-commerce business.
For the fourth quarter ended Jan. 31, Walmart reported net income of $3,687,000,000, or $1.27 per diluted share, compared with $2,175,000,000, or $0.73 per diluted share, in the year-ago period.
Total revenues for the fourth quarter were $138,793,000,000 compared with $136,267,000,000.
Walmart US reported e-commerce net sales growth of 43 percent. Walmart said the company’s e-commerce business benefited from the expansion of grocery pickup and delivery and a broader product assortment on Walmart.com.
Comparable store sales for the quarter climbed 4.2 percent.
“Progress on initiatives to accelerate growth, along with a favorable economic environment helped us deliver strong comp sales and gain market share,” said Doug McMillon, president and CEO. “We’re excited about the work we’re doing to reach customers in a more digitally connected way.”
For fiscal 2019, Walmart reported total revenues of $514,405,000,000 compared with total revenues of $500,343,000,000 reported in the previous fiscal year.
Net income for fiscal 2019 declined 32.4 percent to 6,670,000,000, or $2.26 per diluted share, compared with $9,862,000,000, or $3.28 per diluted share, in fiscal 2018.