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Apr 30, 2022
Walmart Q1 2023 Earnings Report
Walmart's Q1 2023 results were impacted by unusual environment and inflation, leading to lower-than-expected bottom-line results, though top-line growth remained strong.
Key Takeaways
Walmart's Q1 2023 total revenue increased by 2.4% to $141.6 billion. Walmart U.S. comp sales grew by 3.0%, and Sam's Club comp sales increased by 10.2%. The bottom-line results were unexpected and reflect the unusual environment.
Total revenue increased 2.4% to $141.6 billion.
Walmart U.S. comp sales grew 3.0%.
Sam's Club comp sales increased 10.2%.
Consolidated operating income decreased 23.0% to $5.3 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company provides updated outlook for Q2 and full year, assuming a generally stable consumer in the U.S., higher supply chain costs, continued pressure from inflation, and mix of products and formats globally.
Positive Outlook
- Consolidated net sales are expected to increase over 5%.
- Walmart U.S. comp sales are expected to increase 4% to 5%, excluding fuel.
- Capital expenditures will focus on supply chain, automation, customer-facing initiatives and technology.
- Consolidated net sales are expected to increase about 4% in constant currency.
- Excluding divestitures, consolidated net sales are expected to increase 4.5% to 5%.
Challenges Ahead
- Consolidated operating income is expected to be flat to up slightly.
- EPS is expected to be flat to up slightly.
- Consolidated operating income is expected to decrease about 1% in constant currency.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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