Walmart Inc. (NYSE:WMT) Q4 2023 Earnings Conference Call February 20, 2024 8:00 AM ET
Company Participants
Steph Wissink - SVP, IR
Doug McMillon - CEO
John David Rainey - CFO
John Furner - President and CEO, Walmart U.S.
Kathryn McLay - President and CEO, Walmart International
Chris Nicholas - President & CEO, Sam's Club
Conference Call Participants
Michael Lasser - UBS
Krisztina Katai - Deutsche Bank
Simeon Gutman - Morgan Stanley
Rupesh Parikh - Oppenheimer
Kelly Bania - BMO Capital Markets
Robert Ohmes - Bank of America
Corey Tarlowe - Jefferies
Paul Lejuez - Citigroup
Seth Sigman - Barclays
Operator
Greetings. Welcome to Walmart's Fourth Quarter Fiscal Year 2024 Earnings Conference Call. At this time all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.
At this time, I'll now turn the conference over to Steph Wissink, Senior Vice President of Investor Relations. Steph, you may now begin.
Steph Wissink
Thank you, and welcome, everyone. The format of today's call will follow prior quarters. First, our CEO Doug McMillon will share his reflections on the quarter and year. Then our CFO, John David Rainey will review our Q4 and fiscal 2024 results, provide perspective on the key drivers of our financial framework, and offer initial guidance for fiscal 2025. Following these remarks, we will take your questions. At that time, we will be joined by our segment CEOs, John Furner from Walmart US; Kath McLay from Walmart International; and Chris Nicholas from Sam's Club. In order to address as many questions as we can, please limit yourself to one question.
Today's call is being recorded, and management may make forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from these statements. These risks and uncertainties include, but are not limited to, the factors identified in our filings with the SEC. Please review our press release and accompanying slide presentation for a cautionary statement regarding forward-looking statements, as well as our entire Safe Harbor Statement and non-GAAP reconciliations on our website at stock.walmart.com.
Doug, we are now ready to begin.
Doug McMillon
Good morning, and thanks for joining us to talk about our business. Our team delivered a great quarter, finishing off a strong year. We drove sales growth of 4.9% and adjusted operating profit growth of 10.9% in constant currency. Highlights include: higher transaction counts and unit volumes; gains in market share in the U.S. and internationally; improved in-stock levels with inventory being in great shape and down versus last year; strong performance in Walmart U.S. customer experience scores, even during the high volume days before Christmas. Plus, this year, we passed $100 billion in global e-commerce sales for the first time.