Walmart Posts Mixed Q4, Raises Dividend
Walmart (NYSE: WMT) had a good-news/bad-news fourth quarter, it revealed in its latest earnings release published on Thursday.
For the final quarter of its fiscal 2021, the monster retailer booked $152.1 billion in revenue, 7% higher on a year-over-year basis, to set its new all-time record. That was on the back of comparable-store sales that rose by nearly 9%. That top-line figure also exceeded the average analyst estimate of just under $148.5 billion.
As for the bottom line, the company flipped to a loss of almost $2.1 billion, against the $4.1 billion profit in the year-ago period. Several one-time charges affected this; on a per-share, adjusted basis, the company earned $1.38 for the quarter, up $0.01 from Q4 2020. Prognosticators following the stock, however, were collectively forecasting $1.51.
Source Fool.com
