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Apr 30, 2021
Walmart Q1 2022 Earnings Report
Walmart's Q1 2022 performance was strong, with revenue and earnings growth driven by robust performance across all segments.
Key Takeaways
Walmart's Q1 2022 results showed strong growth, with total revenue increasing by 2.7% to $138.3 billion. Walmart U.S. comp sales grew by 6.0%, and eCommerce sales increased by 37%. The company raised its outlook for Q2 and the full year.
Walmart U.S. comp sales grew 6.0%; 16.0% on a two-year stack.
Q1 FY22 GAAP EPS was $0.97; Adjusted EPS of $1.69.
Walmart U.S. eCommerce sales increased 37%.
The company raised its outlook for Q2 and full-year.
Walmart
Walmart
Walmart Revenue by Segment
Walmart Revenue by Geographic Location
Revenue by Segment
Walmart U.S. Revenue
CapyFin.comWalmart International Revenue
CapyFin.comSam's Club U.S. Revenue
CapyFin.comMembership & Other Income Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The company updated its expectations for fiscal year 2022 and provided guidance on a non-GAAP basis. The updated guidance assumes COVID-19 conditions continue to improve as well as no significant additional government stimulus packages for the remainder of the year.
Positive Outlook
- Consolidated net sales growth up low-to-mid single-digits, excluding divestitures.
- Walmart U.S. comp sales up low single-digits, ex. fuel.
- Sam’s Club comp sales up low single-digits, ex. fuel and tobacco.
- Increase high single-digits in consolidated operating income, excluding divestitures in constant currency.
- Increase low double-digits in EPS, excluding divestitures.
Challenges Ahead
- Decline low single-digits in consolidated net sales in constant currency, including divestitures.
- Decline 20-25% in Walmart International net sales in constant currency due to divestitures.
- Maintain rate, or slightly deleverage consolidated expense leverage.
- Decline mid-to-high single-digits in consolidated operating income.
- Decline slightly in EPS.
Revenue & Expenses
Visualization of income flow from segment revenue to net income