Walmart (WMT) Revenue — Quarter Ended Apr 30, 2023
Revenue for the quarter declined versus the immediately preceding quarter but rose compared with the same quarter one year earlier. The sequential decline reflects a decrease from the prior quarter's level, while the year-over-year increase continues the trend of higher revenue relative to the same period last year.
Key takeaway
Quarter ended Apr 30, 2023 · FY2024 Q1
Revenue for the quarter declined versus the immediately preceding quarter but rose compared with the same quarter one year earlier. The sequential decline reflects a decrease from the prior quarter's level, while the year-over-year increase continues the trend of higher revenue relative to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$151B
Revenue reported for this quarter.
Quarter-over-quarter
-7.2%
Change from the immediately preceding quarter.
Year-over-year
+7.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$616.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 31, 2022 | $151.4B | +8.2% |
| Oct 31, 2022 | $151.5B | +8.8% |
| Jan 31, 2023 | $162.7B | +7.4% |
| Apr 30, 2023 | $151B | +7.6% |
Revenue performance
Total revenue came in lower than the prior quarter, marking a reversal from the sequential growth seen in recent periods. The year-over-year comparison, however, shows an increase, extending the pattern of higher revenue compared to the same quarter a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue contracted. In contrast, revenue was higher than the same quarter one year earlier, consistent with the annual growth observed in the prior three quarters.
What to watch
The sequential decline in revenue warrants attention, particularly given the positive year-over-year comparison and the prior trend of consecutive quarterly growth.