Adjusted EPS Financial Overview
Non-GAAP measures constant currency
-
In discussing our operating results, the term currency exchange rates refers to the currency exchange rates we use to convert the operating results for countries where the
functional currency is not the U.S. dollar into U.S. dollars. We calculate the effect of changes in currency exchange rates as the difference between current period activity
translated using the current period's currency exchange rates and the comparable prior year period's currency exchange rates. Additionally, no currency exchange rate
fluctuations are calculated for non-USD acquisitions until owned for 12 months. Throughout our discussion, we refer to the results of this calculation as the impact of currency
exchange rate fluctuations. When we refer to constant currency operating results, this means operating results without the impact of the currency exchange rate fluctuations.
The disclosure of constant currency amounts or results permits investors to better understand Walmart's underlying performance without the effects of currency exchange rate
fluctuations.
The table below reflects the calculation of constant currency for net sales for the Walmart International segment for the trailing five quarters and operating income for the
current quarter.
(Dollars in millions)
Net sales:
As reported
Currency exchange rate fluctuations
Net sales (cc)
PY Reported
% change (cc)
Operating income:
As reported
Currency exchange rate fluctuations
Operating income (cc)
PY Reported
% change (cc)
Q1 FY23
Three Months Ended
Walmart International
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
23,763 $
376
24,139 $
24,350 $
956
25,306 $
25,295 $
1,473
26,768 $
27,575 $
901
28,476 $
26,604
226
26,830
$
27,300 $
23,035 $
23,627 $
26,997 $
23,763
-11.6%
+9.9%
+13.3%
+5.5%
+12.9%
$
1,164
(72)
$
1,092
$
772
+41.5%View entire presentation