We're year. us year. helping I'd associates pleased Doug. strong finished and quarter we to like customers, how to Thanks, up by thanking wrap the for start deliver a with the our partners
in operational responsiveness our Our challenges merchandise disruptions, inventory from supply the the team and chain demonstrated shift mix. excess our agility overcome to and
For enterprise in currency the year. the $XXX sales we on surpassed annual X%, first billion constant and year, full X.X% time. for grew the basis EPS more for a sales declined Adjusted than
performance better and including sales throughout across season. good Constant segments, holiday Our performance upside expectations currency expense strong all the was QX sales strength due in than our leverage. grew to with X%
sales fuel including delivered with and XX.X%, quarter Walmart International in due pricing double-digit And by X.X%, part comps increased XX% its led e-commerce gains. U.S. constant in consecutive increased comps U.S. tobacco. Sam's XXth and in of inflation Walmex. currency Walmart of Club a growth combination excluding to share X.X%, of with growth
reorganization within comparisons. As segment I important to discuss note affect restructuring our the charges and International profitability, it's year-over-year the
focus excluding So will regarding my QX items. comments adjusted on business, results the
down expenses growth carryover our basis inventory With were address strong SG&A headwinds taken structure. margins the by we quarter, in additional inflation resulting largely markdowns underlying Gross basis sales balances, XX XX levered cost points. points, from mix to in and
$X.XX. and business between partially in together, and benefit EPS going was all GAAP charge quarter. from of on investments, gains reflects EPS a difference restructuring unrealized $X.XX related adjusted we $X.XX GAAP X%. offset nearly to than Taking this EPS by income Adjusted international. The better $X.XX into was equity reorganization expected grew a the operating adjusted
flat year. it last Walmart U.S. responded in a aggressively environment, year our good I'm decrease us Inventory to how sets the teams inventory was and for pleased end a position up quarter relatively X% in at the This the includes into to challenge to year. really from going with the early nearly current rebalance
for Let segment. highlights by QX me reference briefly key
quarter, increased December month sales by the throughout offset strong decline high were Walmart led was in and apparel. sales in toys, food comp with sales, was teens U.S., home sales This strength in in largest the U.S. a and by electronics, merchandise mid-single-digit Walmart history. partially softness general For which
product our margins. of effects mix shifts negatively The have impacted
have as points a by basis Over than portion the merchandise, general wellness XXX our and and increased lower a margin which of year, health grocery sales, last mix. have
households and over income gains brand customers We see share value. points as prioritize in half penetration basis nearly to increased coming private higher strong with continue grocery from XXX
Inflation E-commerce remained which mid-teens delivery in and pickup strong QX growth levels. to continued sales high, were store-fulfilled in up QX. by categories, food was similar in led
two strong store have we're so we're last over resulting $X fulfilled of now in operating Advertising XX%. excited sales lower indication an here. Over delivery the the leverage, which quarter, years, SG&A to and why gross and contributed nearly sales expense gives Higher about income you up also growth progress doing sales were pressure, billion which of costs a month, X.X%. offset this tripled, COVID profit
growth. of an results by across last impacted in by basis to China. reported Year-over-year this strong benefited $XXX year versus sales continued or Billion the Flipkart's year. growth currency QX were international, in approximate on to In basis X.X% negatively led affected Days comparisons QX by trends million events Walmex headwind constant sales about a negatively with Big XXX Currency shift successful markets. growth of point timing QX double-digit event sales from our festive
markets. Clubs nearly faster sales had sales up leading than XX% helped Segment grew stores, China half XX%, constant penetration second sales in were the the management at XX% quarter. at at strong than total, cost constant International another operating year Looking and great by with grew in quarter effective with currency. growth Bodega XX% way adjusted in X% in for of income strength across the currency, penetration sales, the e-commerce. E-commerce more Sam's in Walmex with
India, and other In strong through continued seasonal Flipkart events. its momentum Diwali
valuation exceeding recent annualized are We XX% about X billion than billion, just expanding. transactions. Doug supported year reaching was to by pleased higher see also than positive talked while than ago, about $XXX one PhonePe's particularly Flipkart's more monthly contribution margin TPV, more that
Turning to Club. Sam's
in and XX.X% segment on QX momentum strong comps delivered The up Our continued, quarter XX.X% with a stack. was up membership record growth above another of member and income X%. two-year counts
contributions from e-commerce Sam's increases up XX% year-over-year and home. ticket, curbside and In addition to to both solid both sales transaction in with were ship
and in of card income markdowns year $XX Operating higher an LIFO income quarter credit elevated co-branded million. last the was pressured inflation-related by charge lapping
at With new expand our supply several past Sam's optimization. the through multiyear to a excited investment in trends physical strong years, the over we're and footprint chain clubs
Turning to guidance.
ourselves here uncertainty of we looking we sit is there year. to of where the each great in today, As a position years, a find the deal over three out similar balance of last the
While are with consumer, on is precision on the still abated in is the prices to supply considerable consumer issues largely and pressure predict behavior chain have their these macroeconomic conditions and effect there attempting challenging. swings high
follow. strategy a results, outlook our but momentum this all environment, in on for time, at the on cautious and the As macro same recent both about such, our and the our guidance year progress that segments our reflects years excitement
about our and well positioned are We plan. convicted
outpace growth sales 'XX, we growth. to FY income expect In operating
of potential outlook year. a pressures, the further persistence high the for we are and for taking macro the Given prices cautious
guiding are X%. growth X.X% to and operating of growth approximately X% enterprise of constant currency We in sales income
grow This mix income persist, mix but expect LIFO we impact guidance sales. that from our assumes to than still more operating charges, pressures business continues point improve. XXX with estimated product an basis Even to
approximately comp expect sales also X.X%, constant comp of fuel. in of sales of international X%, and Club approximately We U.S. to growth excluding sales and growth growth Sam's X% currency Walmart X%
at sales end our tailwind year-over-year we from Based the estimate billion currency. about enterprise $X.X on a rates fiscal of FX year, of potential
manage more household better, starts making in important more essentials. money biosim helping spending environment budgets trade-offs consumers frequent purpose and save and this tightly, by as and Our toward everyday ever than people it's live
merchandise. in reinforcing value high-frequency points. and signs and areas across owned food price high-quality proposition merchandise our including attach seeing consumables We're featuring our our in gains categories into general purchase improved of leaning accelerating and offering, opening of brands share We're rates
are and our that, Our multiyear be multiyear. will sales years targets performance years, and income just some some operating In in higher lower.
to we're a grow bottom cycle. that business line We us allows building are economic throughout and confident, top an that however, our
Over delivered grown likely year years. more back in This over to X% the what excluding forward to line growth approximately a be past sales look with divestitures. have few the five we sales years, we've average, on lower, but getting trend will last
Over is that pricing, together technology investments on period, income chain, core divestitures. associate business the the strengthened result growth and well at position for operating of important adjusted same grown us rate which made about excluding of we half supply This an in our the wages has sales future. basis, and
and challenges, in pickup more our while to invest Importantly, we and continuing & invest future, we're in ventures navigate some as expanding the that go customers, strengthen a data including We're of platform, fulfillment convenience ad by retail and the capabilities marketplace, providing delivery, service. ways short-term advantages scan Walmart+. for our for
conversion. drive elevate and our serve suppliers We're cost inventory to growing use partnership with working our and in accuracy scaled improved to in-stocks, ad and platform the lower fulfillment to sellers capabilities data, and rapidly
improves our profile. and trajectory this of of margin the All ROI our
benefits We cost we're increased invest operating that words, everyday to investments. to at way everyday reinforce commitment associates and goals to in in cost, managing low we're of of our true low the achieve pay to prices. us Walmart, but our staying In these income will a opportunities with latter continue our through enabling other our allows
enhancements last the dollars continue sight to FY and ROI year clear and medium stores. our stage innovation we multiyear in rapidly up supply in on better term. network, toward these a investments expect them we in have can of are in our flat line the technology these tech investment and where of to deploy Many as reaching across efficiencies slightly to to 'XX total We chain compared CapEx be we optimize
few out for 'XX for expected though rate I FY call want not other year, the year. to this increase Gross assumptions margin guidance our a levels is to yet. to back
newer growth which margin chain profit gross this of a benefit and margin. higher well of supply year expect higher many lapping from from We as the to our from costs as markdowns past have initiatives,
headwind charges Sam's Walmart margin both mix this, charges LIFO for on expect approximate assumptions to $XXX inflation-related equally we and This Partially offsetting due million estimate U.S. inflation an in inflation, billion improvement proportioned with across $X provided categories product headwinds. to roughly merchandise inventory year for moderating quarters. LIFO levels. be is call on the a the LIFO we and QX this current could from key and Club Based gross reduced
in through commit year It's FY factors versus and to SG&A year in important a amount. lower to aggregate updates inventory rate 'XX. de-lever inflation go We'll we expect to as slightly the continuing technology, prior to influence sales we note that and invest the to expected growth additional levels and our with our will the commitment providing people at
There will EPS that items are for also FY several pressure below-the-line 'XX.
expense $XXX interest translates the than QX's EPS last First, million to an This remaining quarters. year. higher approximate than with year-over-year about be estimated is $X.XX to less headwind impact
a of tax such, realized last be FY do we discrete in in repeat $X.XX And we to at an headwind. to Second, the year. approximate from resulting XX.X% our certain items rate tax not expect EPS as XX.X%, 'XX more normalized benefit expect
headwind. And lastly, and well ownership $X.XX as interest In in expect Walmex. expected for in below-the-line performance of the Innovation resulting strong the at core from for total, below-the-line The making approximate account our acquiring related non-controlling full down impact headwind these impacts gains approximately Massmart we're an to as year. interest offsets of minority to EPS Alert we being business, line, factors our of in items EPS EPS these $X.XX year-over-year slightly the
and full including between $X.XX LIFO. from $X.XX of EPS year a We headwind expect $X.XX,
to X.X% X%, sales first the largely to expect due see of we rate quarter, For inflation. to higher a of growth
LIFO range is in negative to basis approximately increase to X%, be a to income including headwind points. $X.XX LIFO. approximate $X.XX to of XXX from including expected operating charge impact of expect a $X.XX, the X.X% an of We EPS
While growth year-over-year in more currently a be the to providing sales I the strongest beyond the second our We we're not first macro QX, to difficult and moderating offer then assumptions quarterly perspective. want in guidance expect half, following comparisons. reflecting half
benefit last Because year XQ XQ, be last received proceeds we to income we lap relative flat in operating will the from year. to insurance expect in we
to in income versus operating greater half. half growth second to of year the the growth the first a begin to expect degree We sales outpace
In our closing, I Doug's business. to echo on Sentiment want
with of some challenges much, exited to our a Over in better responded we seen size and our the external company the the the year last in year, rarely nimbleness speed team and place. much of a
we As future opportunity I our where point is any on reflect incredible. I'm are about than my excited in us front at today, time here. more in of The
Our never is Perhaps during pressured. when customer proposition been consumer the this member more stronger. like obvious value has that's times
of We have the Who third-party to and the so countries. and retailer. become grocery a general in customers with combination an close merchandise with and and has technological the combined and digital stores emerging like assortment first- breadth impactful We're and ways clubs one so multiple else and and and attractive of many else no shopping capabilities. omni-channel right members, with markets in of e-commerce
and plan them what of the money ways. time, our to to are, our customers leverages members will in meet will improve them is see keep where help live Our and better. to save more the P&L. going changes strengths come But help the to to they in we to changing, years serve them you're our composition that and We continue
scaling We will rapidly. earning higher-margin that are have streams related diversified
significant chain e-commerce see the begin investments that making expanded capabilities. supply we're like the our and things from our will benefits in automation to You
expansion, take some The Thank obscure reinforcing Investor in long-term you. to these of inflection of that this many to place. an in look from away may Day to but margin pressures that progress, accelerate the won't more of our at initiatives. We're is macro promise begin We at algorithm sharing forward the point year April.
Let it to over for me operator the turn questions.
