Slide 1: Fourth quarter fiscal year 2015
Fourth quarter fiscal year 2015 Thursday, February 19, 2015 The information presented in these slides forms a part of and is intended for use solely in connection with the management earnings call that became available on February 19, 2015 in connection with our press release discussing Wal-Mart Sto
Slide 2: Consolidated results
Wal-Mart Stores, Inc. Consolidated results (Amounts in millions, except share data) Q4 $ r1 % r1 YTD $ r1 % r1 Total revenue $131,565 $1,859 1.4% $485,651 $9,357 2.0% Total revenue, constant currency2 $134,191 $4,485 3.5% $490,974 $14,680 3.1% Net sales $130,650 $1,864 1.4% $482,229 $9,153 1.9% Net
Slide 3: Consolidated results
Wal-Mart Stores, Inc. Consolidated results (Amounts in millions) Q4 bps r1 YTD bps r1 Gross profit rate 24.1% 21 bps 24.3% -2 bps Operating expenses as a 18.8% -19 bps 19.4% 6 bps percentage of net sales Effective tax rate 29.5% -357 bps 32.2% -67 bps Debt to total capitalization2 NP NP 38.2% -440 b
Slide 4: Working capital (consolidated)
Wal-Mart Stores, Inc. Working capital (consolidated) (Amounts in millions) Q4 $ r1 % r1 Receivables, net $6,778 $101 1.5% Inventories $45,141 $283 0.6% Accounts payable $38,410 $995 2.7% 1 Change versus prior year comparable period 4
Slide 5: Returns
Wal-Mart Stores, Inc. Returns (Amounts in millions) YTD $ r1 Operating cash flow $28,564 $5,307 Capital expenditures $12,174 -$941 Free cash flow2 $16,390 $6,248 (Amounts in millions) Q4 % r1 YTD % r1 Dividends $1,546 2.1% $6,185 0.7% Share repurchases3 $— -100.0% $1,015 -84.8% Total $1,546 -35.3% $
Slide 6: Walmart U.S. segment operating results
Walmart U.S. Segment operating results (Amounts in millions) Q4 r1 YTD r1 Net sales $79,571 4.1% $288,049 3.1% Comparable store sales2 1.5% 190 bps 0.5% 110 bps • Comp traffic 1.4% 310 bps NP NP • Comp ticket 0.1% -120 bps NP NP E-commerce impact3 ~0.3% NP NP NP Neighborhood Market ~7.7% NP NP NP Gr
Slide 7: Walmart U.S. merchandise category comps
Walmart U.S. Merchandise category comps (13-weeks ended Jan. 30, 2015) Category Comp Grocery1 + low single-digit General merchandise2 - low single-digit Health & wellness + mid single-digit Apparel + high single-digit Home + mid single-digit 1 Includes food and consumables 2 Includes entertainment,
Slide 8: Walmart International segment operating results
Walmart International Segment operating results Constant Constant Reported Reported currency1 currency1 1 (Amounts in millions) Q4 r2 Q4 r2 YTD r2 YTD r2 Net sales $36,205 -3.9% $38,804 3.0% $136,160 -0.3% $141,427 3.6% Gross profit rate Increase 55 bps NP NP Increase 12 bps NP NP Operating income $
Slide 9: Q4 sales and GP – five largest markets
Walmart International Q4 sales and GP – five largest markets1 2 Comp3 Net Gross Country 3 profit sales Sales Traffic Ticket rate3 United Kingdom4 -2.5% -1.5% -1.0% -1.7% Increase Walmex5 0.8% -2.5% 3.3% 3.4% Increase Canada 1.8% 0.1% 1.7% 4.1% Decrease Brazil 3.1% -2.1% 5.2% 3.1% Increase China -2.3
Slide 10: Sam's Club segment operating results
Sam’s Club Segment operating results Without fuel1 With fuel Without fuel1 With fuel (Amounts in millions) Q4 r2 Q4 r2 YTD r2 YTD r2 Net sales $13,644 3.7% $14,874 1.3% $51,630 2.1% $58,020 1.5% 3 Comparable club sales 2.0% 210 bps -0.4% -30 bps 0.5% -20 bps -0.1% -50 bps • Comp traffic 1.5% 30 NP N
Slide 11: Sam's Club merchandise category comps
Sam’s Club Merchandise category comps, without fuel (13-weeks ended Jan. 30, 2015) Category Comp Fresh / Freezer / Cooler + low single-digit Grocery and beverage + low single-digit Consumables + low single-digit Home and apparel + low single-digit Technology, office and entertainment - mid single-di
Slide 12: Guidance
Guidance Total Walmart Sam's company U.S. comps Club comps • Q1 EPS: • 13-week period2: • 13-week period2: • $0.95 - $1.10 • 1.0% - 2.0% • 1.0% - 2.0% • Full-year EPS: • $4.70 - $5.05 • Full-year ETR1,: • 32% - 34% 1 ETR = Effective tax rate 2 13-week period from January 31, 2015 through May 1, 2015
Slide 13: Additional resources at stock.walmart.com
Additional resources at stock.walmart.com • Reconciliations for our non-GAAP financial measures (ROI, free cash flow, constant currency and Sam's Club comparable measures without fuel) can be found in our Q4 FY 2015 press release. • Unit counts & square footage • Comparable store sales • Terminology