results You well. I'm excited talk we're fourth bet. with morning morning. Walmart really Doug. Good quarter the as pleased Thanks to year about results and everybody. good had a our this
Flipkart winning momentum as morning against our new the fiscal highlighting years. execute Total will Walmart in U.S. constant of sales Walmart U.S. a acquisition past of of XX% just over currency year X.X%, two the a in we majority formula accomplishments for e-commerce and highest key year. We our and sales proud increased particularly billion and We U.S. the years. leverage or rate full sale $XX.X of strategic X%. on of believe business some expenses the of over made and Brazil. We Walmart growth revenue International we grew to the billion $XXX business in this progress the choices number the stake plan nearly majority have and comp sales to are Walmart start the success doubling that the stores. including XX continue by which long-term. the made grew I'll strategic position entered for is annual in was
us from slightly to $XX.X We're items share increased pleased Adjusted expenses year. at others cash into shareholders satisfied. leverage assets, not financial positioning we our year, returned what financial as was further company operating while expected discrete and Excluding deliver coming and in EPS business we've billion, $XX.X the with company the near-term year $X.XX, the last our that to We're ability quarter longer XX% repurchases. we but for and through the results flow are accomplished, This billion total to ways proofs leveraging the and strong dividends strength can't. gives term. unique scale, strength
margins, and leverage lapping was lapping items. solid Consolidated had and growth margin Flipkart. but some from investments benefit sales e-commerce International expected sales due sales as effect the strong XX in and currency U.S. better grew price assistance Now, by of than to currency strength approximately fourth $XXX.X profit growth of sales. We had bit offset quarter government in net currency benefited fuel constant led the and total year's comp revenue discrete let's by topline Club items, to the Sam's and operating effect a tobacco. fourth was at strong negative quarter. SG&A in and from of on in a U.S. We discrete gross basis with X.X% India release last billion year's last delivered X.X% Walmex early move excluding the results the from X.X% points, benefited having to dilution growth certain Walmart mix billion. declined X.X% grew holiday growth; primarily $X.X of gross quarter markets. comp constant income partially from
income leveraged we expectations have year increased tax in Excluding our the slightly these rate on adjusted operating quarter The would have expenses items, constant and basis. for would a XX.X%. at currency the within was
the adjustments tax As in excludes related value majority a divestiture effect Brazil. in a change jd.com, stake to our the rate of of adjusted Walmart the tax change reminder, for the and investment the reform, the in
due tax EPS share, issued the increased rate the Adjusted EPS the and the tax X% EPS QX. For numerous fourth federal about effect and late per $X.XX. was primarily quarter, by adjusted in $X.XX benefited GAAP to $X.XX regulations XX.X% was to of
Now X.X% to strong U.S. discuss momentum. Walmart let's quarterly We grew finished The segment. the shopping greater in each and with excluding quarter in result Thanksgiving best and operating holiday the Comp on continued for and quarter sales. X.X% sales winter started strong results the fuel with have the sales years. quarter basis. stack seasonal two-year nine
respectively, from share a points benefit Clearly, and during but Nielsen for approximately and we were points Although bases eCommerce to looking funding. in X.X% We're season. integrated XX% were contributed We of the comp provided SNAP of according sales about saw strong, our consumer and to key categories we're we sales basis early market experience convenience a The environment, encouraged offering grew comp. sales gains Group. omni solid had XX and did the healthy up holiday X.X% ticket NPD customers traffic basis the in by while XXX segment operating
seasonal strong single-digit digit percentage and Health to mid-single general in growth comp delivered in sales categories. years. mid-single low stack in grocery up strong digit with and holiday nine were best sales comp Our merchandise performance led gain a tier comp wellness a toys the and
mentioned. Our is good U.S. Walmart initiatives Doug New made we of inventory we've position as enter good eCommerce, on number a progress In the Year. as
will solutions. which great that to The and optimize working in well profit a in simultaneously we still sales key can achieve as want. is home margin areas are investing profile rate mix new so with urgency like innovative help working apparel, increase the We long-term team our of to sense margin we
this infrastructure, coming we in losses store investments increase October, in eCommerce number online grocery X people, reflecting outlined year our in initiatives. we and to expect As
mix expenses by points sales leverage for While another increasing increased the earlier up remain consecutive while good transportation pleased to margin great position years, with basis items. great due double and about in Walmart against a we've pickup we have delivery Walmart the increased leveraged in in and of impressive coming recent year's strong strong Walmart We reflecting has was to continue the year. year, quarters of U.S. expenses. eight grocery pick boundaries opportunity our opportunity progress discrete growth strategy to an The on stores the grocery front physical and the plan day XX offer to strategy us. rate still declined that that. we're and more higher during momentum XXXX from made rate in productivity primarily blur after between the in pricing adding team this even to Expense eCommerce U.S. and we starting excited overlap current we're capitalize same stores in retail the than X% of number online raising the U.S. gross business. grocery The also Overall, and stores. income quarter. have Operating really wage last delivery
in International. full by currency approximately Flipkart head billion. Brazil wind for to of X.X%, currency The was quarter. on $X.X X.X% offset the a due inclusion a negative sales of declined but constant to sales increased self of Net Moving the effects basis reported deconsolidation
the in to with U.K. markets major and Walmex we and driving In Results X.X% market key saw of the categories traffic comp the including growth were to than Our comps in grow strong the quarter according faster Canada again in Mexico positive continue and ANTAD. was staples food from sales U.K.
and economic shift China, private in Festival In seventh online would to improving as to comp of calendar growth. saw effected expanding been proposition Without the contributed comps. calendar negative sales and comp quarter Asda's slightly progress slower we penetration growing its Mid-Autumn a sales on environment consecutive the the the label have quarter shift the grocery positive. share value positive
progress fourth declined scores. discrete transfer existing lapping from in closing improved sales Flipkart last closed dilution to comparison approximately X.X% year, partially affecting X.X% of As from the currency end sign-ups membership include despite the from the quarter closures. and reported and solid Factors discrete being operating the effect pleased basis. offset flat of with clubs fuel expected, excluding fuel income positive of comp very The club income when to counts grew increased were year's International. sales overall international with growth due the growth about our half And Sam's clubs results last year-over-year. on X.X% by are our sales constant at made eCommerce year's seeing in for in expectations. primarily clubs XX%. charges and in Walmart X.X% Club of and delivered XX% Sam's comp charges. membership line of excluding Flipkart's our operating fact, tobacco. and We're lapping last contributed NPS Overall,
income Excluding operating these been items, would have flat.
with about up for fuel. XXXX. fiscal Excluding I'll fuel close X% today guidance year and with
and we currency always, our our markets important in the assumptions and including in several guidance, landscape generally conditions, rates As have remain regulatory tax most economic the and consistent. largest
monitor have in included also the discussions. to any we potential JD.Com. not tariff always, change in investment the ongoing of As continuing value We're our
mentioned we will and margins with October, pricing actively manage in warranted as in customers and shareholders we our mind. As
to with we transition year. they enough any regulations, some believe Flipkart, total can the be there some costs feel to disruption guidance change but for like we minimal but comply new our to will be impact ability about with significant the company There'll to be Regarding interruption. the currently additional good don't with business, this,
the recall operate and macro-economic and serve issued ability in environment, some fiscal finished been customers in there's confident to uncertainty our the climate. October, year effectively You'll most economic overall We good XXXX we're we growing guidance momentum. last year in with political any while our business
of business. sales highlight few in key consistency press the So which and you with to morning's start can of a a today this I'll our listing guidance metrics I'll find the we're in complete provided reiterating release. speaks October, guidance. the guidance previous
FY'XX. growth to of expect sales constant-currency least net basis deliver X% total We at in on a
Flipkart. will comparison, addition Brazil quarter seen into due in half including back we've the the basis, as currency a in half most of mind, rates of of were noted and to the $X current the first stronger year year, next sales half, spot timing results. and our the impact the If currency billion Keep of around a be that there the increased in reported of fourth from reported the first some than pressure year. to to on little deconsolidation headwind continue of with With
For we expect the comp Walmart X.X% X% U.S., to despite difficult more still of growth comparisons. store
around the and around with store We expect efficient throughout where XX being in in FY'XX in sales of we Timing X.X% XX% lowering U.S. we QX be we year. comp can XX% the expect to X.X% on more and We expect due the improving lever expect strong impact from progress quarterly leverage to consistent at basis, XX continuing slightly quarterly versus U.S. especially ranging be expectations. We'll leverage approximately growth sales expenses cadence even below to stores, by is points, make year, range eCommerce expect in a higher growth expected leverage consolidated our cost, to On to fairly during basis from any grow FY'XX. each to to range. of XX% given in continue the expenses productivity. quarter. Walmart improved quarter-to-quarter quarter Walmart than still the the basis leverage points to approximately to
the year the increase versus fiscal operating consolidated We we to year to dollars included in percentage, partial expect due the profitability, to full excluding operating income by expect Flipkart being effects. to decline continue primarily to would low digit single for Turning XXXX. Flipkart income
little percentage the near We Flipkart tax in expect effective in decline FY'XX to that to previously. of adjusted which EPS low relates mentioned to very approximately in XX.X% rate digit losses to tax which relative assumes mind term rate Keep by rate benefit increase XX.X%. we've the an single having tax the
year to dilution mid-single a by percentage. the Excluding EPS grow expect Flipkart, full low- expected would we to from digit EPS
last QX quarterly QX expect, during in QX results We by our our increase you As expect to change year the and to in of by percentage of to QX achieve would operating and quite QX year. income will in QX decrease all to digit in part EPS guidance. operating around currently impact year low in and EPS and due primarily XX% Flipkart a mid-single only in income varied being the full the decrease and year-over-year be
the timing growth quarter-to-quarter to and factors. due As other change always, can
Our priorities growth and We'll for investing initiatives. on capital focus unchanged. first in allocation remains our business
We the with increase evidenced program. also we And current share our continue today. announced committed dividend we by our remain to repurchase as
share Before change I will to host investors. and the shareholders past, conjunction question-and-answer the communication we in with to want June meeting. with a I close, Arkansas cadence in analysts Similar session annual our in in the Northwest the
in conjunction location our investment community in we instead XXXX that's to However, you. will and updates meeting leaders of have had, a February hosting an format strategy we meeting This closer to October an release. guidance as QX and New interact similar many typically in have, of in event to plan with key be earnings York with the typically we but where you'll hear on our performance,
analysts. optimal continue our we'll investors assess the communicating to always, approach As with and to
of of And win. ever become. and by It's with Walmart saying to thank have a I great as with me optimistic be I'd questions. close happy about can company to long transformation expect history I'm support Let our your you as been take what for a that, we your company.
