February 21, 2023


Walmart ($611B in annual sales) reported its fourth quarter results this morning, emphasizing once again its strength in the grocery category along with a focus on digital initiatives.


The company’s guidance for FY24 was more muted, with sales projected to grow just 2-2.5% in the U.S. (vs. 6.9% in FY23). Management indicated it was taking a conservative approach to guidance considering the difficulty predicting consumer demand, along with uncertainty in forecasting inflation.


Read on for a summary of recent results and how to adapt to Walmart’s evolving model.

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