Walmart Inc. Files 2024 Annual Report on Form 10-K

TL;DR

<b>Walmart Inc. has submitted its 2024 Form 10-K detailing its fiscal year 2024 performance and financial standing.</b>

AI Summary

Walmart Inc. (WMT) filed a Annual Report (10-K) with the SEC on March 15, 2024. Walmart Inc. filed its 2024 Form 10-K on March 15, 2024, for the fiscal year ending January 31, 2024. The filing covers the period from February 1, 2023, to January 31, 2024. Key financial data points and equity details are included for fiscal years 2021, 2022, and 2023. The company's principal executive offices are located at 702 Southwest 8th St, Bentonville, AR 72716. Walmart Inc. was formerly known as WAL MART STORES INC, with a name change on July 3, 1992.

Why It Matters

For investors and stakeholders tracking Walmart Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Walmart's financial health, operational performance, and strategic direction for the fiscal year 2024, crucial for investors and analysts to assess the company's trajectory. The detailed financial statements and disclosures within the report are essential for understanding Walmart's market position, profitability, and any potential risks or opportunities moving forward.

Risk Assessment

Risk Level: medium — Walmart Inc. shows moderate risk based on this filing. The filing is a standard annual report (10-K), which typically contains a broad range of information, including financial performance, risk factors, and business operations. While it provides essential disclosures, the sheer volume and standard nature of the information mean it doesn't inherently signal a significant positive or negative shift without deeper analysis of specific sections.

Analyst Insight

Review the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections for specific insights into the company's performance and outlook.

Key Numbers

• 2024-01-31 — Fiscal Year End (Reporting period)
• 2024-03-15 — Filing Date (Date of submission)
• 2023-02-01 — Fiscal Year Start (Reporting period)

Key Players & Entities

• Walmart Inc. (company) — Filer name
• 2024-01-31 (date) — Fiscal year end
• 2024-03-15 (date) — Filing date
• 702 Southwest 8th St, Bentonville, AR 72716 (address) — Business address
• WAL MART STORES INC (company) — Former company name
• 1992-07-03 (date) — Date of name change

FAQ

Industry Context

Walmart Inc. operates in the retail sector, specifically variety stores, as indicated by its SIC code 5331. This sector is characterized by high competition and sensitivity to consumer spending.

Regulatory Implications

As a publicly traded company, Walmart Inc. is subject to the regulations of the Securities and Exchange Commission (SEC), requiring regular filings like the 10-K to ensure transparency for investors.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and other key performance indicators.
2. Review the 'Risk Factors' section for potential challenges and uncertainties facing the company.
3. Examine the 'Management's Discussion and Analysis' for insights into the company's strategy and outlook.

Key Dates

• 2024-01-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-15: Filing Date — Date Walmart Inc. submitted its 10-K to the SEC.

Year-Over-Year Comparison

This filing is the annual 10-K report for the fiscal year ending January 31, 2024, providing a comprehensive update compared to previous filings.

Key Financial Figures

• $0.10 — ich registered Common Stock, par value $0.10 per share WMT New York Stock Exchange
• $648.1 b — al 2024, we generated total revenues of $648.1 billion, which was comprised primarily of
• $642.6 billion — was comprised primarily of net sales of $642.6 billion. We maintain our principal offices in
• $441.8 billion — mart.com. Walmart U.S. had net sales of $441.8 billion for fiscal 2024, representing 69% of ou
• $420.6 billion — lidated net sales, and had net sales of $420.6 billion and $393.2 billion for fiscal 2023 and
• $393.2 billion — and had net sales of $420.6 billion and $393.2 billion for fiscal 2023 and 2022, respectively.

Filing Documents

• wmt-20240131.htm (10-K) — 2269KB
• wmtexhibit48fy24.htm (EX-4.8) — 304KB
• wmtexhibit101fy24.htm (EX-10.1) — 239KB
• wmtexhibit103fy24.htm (EX-10.3) — 221KB
• wmtexhibit107afy24.htm (EX-10.7(A)) — 12KB
• wmtexhibit21fy24.htm (EX-21) — 20KB
• wmtexhibit23fy24.htm (EX-23) — 16KB
• wmtexhibit311fy24q4.htm (EX-31.1) — 8KB
• wmtexhibit312fy24q4.htm (EX-31.2) — 8KB
• wmtexhibit321fy24q4.htm (EX-32.1) — 4KB
• wmtexhibit322fy24q4.htm (EX-32.2) — 4KB
• wmtexhibit971fy24.htm (EX-97.1) — 39KB
• wmtexhibit991fy24q4.htm (EX-99.1) — 10KB
• wmt-20240131_g1.jpg (GRAPHIC) — 116KB
• wmt-20240131_g2.jpg (GRAPHIC) — 90KB
• 0000104169-24-000056.txt (&nbsp;) — 12779KB
• wmt-20240131.xsd (EX-101.SCH) — 64KB
• wmt-20240131_cal.xml (EX-101.CAL) — 111KB
• wmt-20240131_def.xml (EX-101.DEF) — 340KB
• wmt-20240131_lab.xml (EX-101.LAB) — 852KB
• wmt-20240131_pre.xml (EX-101.PRE) — 612KB
• wmt-20240131_htm.xml (XML) — 1913KB

Business

Business 6 Item 1A

Risk Factors

Risk Factors 15 Item 1B Unresolved Staff Comments 28 Item 1C Cyber s ecurity 28 Item 2

Properties

Properties 30 Item 3

Legal Proceedings

Legal Proceedings 31 Item 4 Mine Safety Disclosures 33 Part II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 34 Item 6 Reserved 35 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 36 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 48 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 50 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 81 Item 9A

Controls and Procedures

Controls and Procedures 81 Item 9B Other Information 81 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 81 Part III Item 10 Directors, Executive Officers and Corporate Governance 82 Item 11

Executive Compensation

Executive Compensation 82 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 82 Item 13 Certain Relationships and Related Transactions, and Director Independence 82 Item 14 Principal Accounting Fees and Services 82 Part IV Item 15 Exhibits, Financial Statement Schedules 83 Item 16 Form 10-K Summary 85

Signatures

Signatures 86 WALMART INC. ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED JANUARY 31, 2024 All references in this Annual Report on Form 10-K, the information incorporated into this Annual Report on Form 10-K by reference to information in the Proxy Statement of Walmart Inc. for its Annual Shareholders' Meeting to be held on June 5, 2024 and in the exhibits to this Annual Report on Form 10-K to "Walmart Inc.," "Walmart," "the Company," "our Company," "we," "us" and "our" are to the Delaware corporation named "Walmart Inc." and, except where expressly noted otherwise or the context otherwise requires, that corporation's consolidated subsidiaries. On February 23, 2024, the Company effected a 3-for-1 forward split of its common stock and a proportionate increase in the number of authorized shares. All share and per share information, including share based compensation, throughout this Annual Report on Form 10-K has been retroactively adjusted to reflect the stock split. PART I Cautionary Statement Regarding Forward-Looking Statements This Annual Report on Form 10-K and other reports, statements and information that Walmart Inc. (which individually or together with its subsidiaries, as the context otherwise requires, is referred to as "we," "Walmart" or the "Company") has filed with or furnished to the Securities and Exchange Commission ("SEC") or may file with or furnish to the SEC in the future, and prior or future public announcements and presentations that we or our management have made or may make, include or may include, or incorporate or may incorporate by reference, statements that may be deemed to be "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Exchange Act as well as protections afforded by other federal securities laws. Nature of Forward-Looking

BUSINESS

ITEM 1. BUSINESS General Walmart Inc. ("Walmart," the "Company" or "we") is a people-led, technology-powered omni-channel retailer dedicated to helping people around the world save money and live better – anytime and anywhere – by providing the opportunity to shop in both retail stores and through eCommerce, and to access our other service offerings. Through innovation, we strive to continuously improve a customer-centric experience that seamlessly integrates our eCommerce and retail stores in an omni-channel offering that saves time for our customers. Each week, we serve approximately 255 million customers who visit more than 10,500 stores and numerous eCommerce websites in 19 countries. Our strategy is to make every day easier for busy families, operate with discipline, sharpen our culture and become more digital, and make trust a competitive advantage. Making life easier for busy families includes our commitment to price leadership, which has been and will remain a cornerstone of our business, as well as increasing convenience to save our customers time. By leading on price, we earn the trust of our customers every day by providing a broad assortment of quality merchandise and services at everyday low prices ("EDLP"). EDLP is our pricing philosophy under which we price items at a low price every day so our customers trust that our prices will not change under frequent promotional activity. Everyday low cost ("EDLC") is our commitment to control expenses so our cost savings can be passed along to our customers. Our operations comprise three reportable segments: Walmart U.S., Walmart International and Sam's Club. Our fiscal year ends on January 31 for our United States ("U.S.") and Canadian operations. We consolidate all other operations generally using a one-month lag and on a calendar year basis. Our discussion is as of, and for the fiscal years ended, January 31, 2024 ("fiscal 2024"), January 31, 2023 ("fiscal 2023") and January 31, 2022 ("fiscal 2022"). Du

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View this 10-K filing on SEC EDGAR