WMT
$124.13
Walmart
$1.53
1.25%
Earnings Details
1st Quarter April 2022
Tuesday, May 17, 2022 7:02:00 AM
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Summary

Walmart Misses

Walmart (WMT) reported 1st Quarter April 2022 earnings of $1.30 per share on revenue of $141.6 billion. The consensus earnings estimate was $1.46 per share on revenue of $138.1 billion. The Earnings Whisper number was $1.53 per share. Revenue grew 2.4% on a year-over-year basis.

The company said it expects second quarter earnings of $1.56 per share or slightly higher on revenue of more than $148.10 billion. The current consensus earnings estimate is $1.90 per share on revenue of $146.40 billion for the quarter ending July 31, 2022. The company also said it now expects fiscal 2023 earnings of approximately $6.40 per share on revenue of approximately $595.66 billion. The company's previous guidance was earnings of approximately $6.78 per share on revenue of approximately $589.94 billion and the current consensus earnings estimate is $6.75 per share on revenue of $589.42 billion for the year ending January 31, 2023.

Wal-Mart Stores Inc, operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam' Club in three categories retail, wholesale and others.

Results
Reported Earnings
$1.30
Earnings Whisper
$1.53
Consensus Estimate
$1.46
Reported Revenue
$141.57 Bil
Revenue Estimate
$138.12 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Walmart U.S. grew comp sales 3.0% and gained market share in grocery

Q1 FY23 GAAP EPS of $0.74; Adjusted EPS of $1.30

Company provides updated outlook for Q2 and full year

BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220516006076/en/

First-quarter highlights:

  • Company delivered strong top-line growth globally. Total revenue was $141.6 billion, up 2.4%, or 2.6% in constant currency. Growth negatively affected by $5.0 billion due to divestitures and $0.4 billion from currency.
  • Walmart U.S. comp sales grew 3.0% and 9.0% on a two-year stack. eCommerce growth was 1%, or 38% on a two-year stack.
  • Sam’s Club comp sales increased 10.2%, and 17.4% on a two-year stack. Membership income increased 10.5%.
  • Walmart International net sales were $23.8 billion, a decrease of $3.5 billion, or 13.0%, negatively affected by $5.0 billion due to divestitures, and $0.4 billion from currency fluctuations. Positive comps across all markets.
  • Global advertising business grew more than 30%.
  • Consolidated gross profit rate declined 87 basis points, primarily due to Sam’s Club and 38 basis points in Walmart U.S. on elevated supply chain costs and product mix.
  • Consolidated operating expenses as a percentage of net sales increased 45 basis points, primarily due to increased wage costs in Walmart U.S.
  • Consolidated operating income was $5.3 billion, a decrease of 23.0%, negatively affected by $0.3 billion from divestitures.

The company will hold a live conference call with the Investment Community at 7 a.m. CDT on Tuesday, May 17, 2022, to discuss the company’s first quarter earnings results for fiscal year 2023. The event will be webcast live and accessible by logging onto https://corporate.walmart.com/newsroom/financial-events and selecting the First Quarter Earnings Release event

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online and through their mobile devices. Each week, approximately 230 million customers and members visit approximately 10,500 stores and clubs under 46 banners in 24 countries and eCommerce websites. With fiscal year 2022 revenue of $573 billion, Walmart employs 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.

Investor Relations Contacts
Dan Binder, CFA
Sr. Vice President, Investor Relations and Enterprise FP&A
Daniel.Binder@walmart.com

Kary Brunner
Sr. Director II, Investor Relations
Kary.Brunner@walmart.com

Media Relations Contact
Randy Hargrove
Sr. Director, Global Communications
800-331-0085

Source: Walmart Inc.