Overview
- Quarterly revenue of $13.81 billion missed estimates as comparable sales fell 0.8% amid uneven holiday demand, a more promotional environment, and late‑quarter weather closures.
- Ads and the U.S. digital marketplace emerged as margin drivers, with roughly $300 million in Q4 marketplace GMV and more than $900 million in fiscal 2026 ad collections, and management targets about a 30‑basis‑point gross‑profit lift in fiscal 2027.
- Tighter cost control improved profitability, with domestic adjusted SG&A reduced to 15.9% of revenue on lower compensation and health‑related expenses.
- For fiscal 2027 the company guided revenue to $41.2–$42.1 billion, adjusted EPS to $6.30–$6.60, and comparable sales to a range of -1% to +1%, while flagging higher memory component costs and outlining inventory, vendor, and assortment actions.
- The board raised the quarterly dividend by 1% to $0.96 per share.