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1、Q4FY2023FinancialpresentationtoaccompanymanagementcommentaryThispresentationcontainsstatementsormayincludeormayincorporatebyreferenceWalmartmanagementsguidanceregardingadjustedearningspershare,consolidatednetsales,consolidatedoperatingandconsolidatedadjustedoperatingincome,consolidatedoperatingexpen

2、ses,netinterestexpenses,noncontrollinginterest,capitalexpenditures,sharerepurchases,WalmartseffectivetaxrateforthefiscalyearendingJanuary31,2024,andcomparablesales,amongotheritems.Walmartbelievessuchstatementsmaybedeemedtobeforward-lookingstatementswithinthemeaningofSection21EoftheSecuritiesExchange

3、Actof1934,asamended(theAct)andareintendedtoenjoytheprotectionofthesafeharborforforward-lookingstatementsprovidedbytheActaswellasprotectionsaffordedbyotherfederalsecuritieslaws.Assumptionsonwhichsuchforward-lookingstatementsarebasedarealsoforward-lookingstatements.Suchforward-lookingstatementsarenots

4、tatementsofhistoricalfacts,butinsteadexpressourestimatesorexpectationsforourconsolidated,oroneofoursegmentsorbusiness,economicperformanceorresultsofoperationsforfutureperiodsorasoffuturedatesoreventsordevelopmentsthatmayoccurinthefutureordiscussourplans,objectivesorgoals.Ouractualresultsmaydiffermat

5、eriallyfromthoseexpressedinorimpliedbyanyoftheseforward-lookingstatementsasaresultofchangesincircumstances,assumptionsnotbeingrealizedorotherrisks,uncertaintiesandfactorsincluding:economic,capitalmarketsandbusinessconditions;trendsandeventsaroundtheworldandinthemarketsinwhichweoperate;currencyexchan

6、geratefluctuations,changesinmarketinterestratesandmarketlevelsofwages;changesinthesizeofvariousmarkets,includingeCommercemarkets;unemploymentlevels;inflationordeflation,generallyandinparticularproductcategories;consumerconfidence,disposableincome,creditavailability,spendinglevels,shoppingpatterns,de