By Davit Kirakosyan
Walmart (NYSE:WMT) is starting a two-day Investment Community meeting to showcase investments in its supply chain network, future global growth opportunities across its omnichannel ecosystem, and high-value initiatives. The company also reaffirmed its Q1 and full 2024-year guidance.
For Q1/24, the company expects consolidated net sales growth of 4.5%-5.0% in constant currency, and adjusted EPS of $1.25-$1.30. Consensus sees Q1 EPS of $1.30.
For the full year, the company expects consolidated net sales growth of 2.5%-3.0% in constant currency, Walmart U.S. comp sales growth of 2.0%-2.5% (ex. Fuel), and adjusted EPS of $5.90-$6.05. Consensus sees 2024 EPS of $6.12.
With its unveiled plan for a new more connected and automated supply chain, Walmart believes that by the end of fiscal 2026, roughly 65% of stores will be serviced by automation, approximately 55% of the fulfillment center volume will move through automated facilities, and unit cost averages could improve by approximately 20%.
"As we grow, we will improve our operating margin through productivity advancements and our category and business mix, and drive returns through operating margin expansion and capital prioritization," said Doug McMillon, Walmart president and CEO.
Shares are currently trading 0.71% lower after-hours.