US comp gross sales: +4.0%
“Our general merchandise prices are lower than they were a year ago.”
“In Walmart U.S, we’re there in general merchandise but the slope of the decline softened during Q4 meaning the prices are lower than a year ago but not as much as the trend line would have suggested at the end of Q3”
General gross sales up 0.8% y/y
Normal merchandise gross sales declined in comparison with a yr in the past however improved vs Q3
Exterior the US, our pricing comparisons to a yr in the past are in additional of a standard vary
US stock declined 4.5%
The Firm’s steerage assumes a typically secure
shopper and continued stress from its mixture of merchandise and codecs globally.
Sees Q1 gross sales up 4.0-5.0% with the Leap Yr including 100 bps
Sees FY 2025 gross sales up 3.0-4.0%

Firm comps by month:

November: -2.7%
December: +0.6%
January: -9.1%

The drop in January underscores the shock drop in retail gross sales however argues it is climate associated not macro. If that is the case, there needs to be a robust rebound in February because of unusually heat climate within the month.

This text was written by Adam Button at www.forexlive.com.