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Jul 31, 2021
Walmart Q2 2022 Earnings Report
Walmart had a strong quarter with revenue growth and increased market share in the U.S., driven by strong comp sales and eCommerce performance.
Key Takeaways
Walmart's Q2 2022 earnings report showed a 2.4% increase in total revenue to $141.0 billion. Walmart U.S. comp sales grew 5.2%, and adjusted EPS was $1.78. The company raised its outlook for the second consecutive quarter, expecting FY22 Walmart U.S. comp sales growth of 5% to 6% and Global eCommerce sales of $75 billion.
Walmart U.S. comp sales grew 5.2% with strong comp transactions at 6.1%.
Global eCommerce sales are on track to reach $75 billion by the end of the year.
Sam's Club comp sales increased 7.7%, with eCommerce sales growing 27%.
Consolidated operating income increased 21.4% to $7.4 billion.
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 Q3 and fiscal year 2022, assuming continued strength in the U.S. economy and no significant additional government stimulus for the remainder of the year.
Positive Outlook
- Consolidated net sales growth up 6% to 7%, or more than $30 billion (excluding divestitures)
- Walmart U.S. comp sales up 5% to 6%, excluding fuel
- Sam’s Club comp sales up 7.5% to 8.5%, excluding fuel and tobacco
- Walmart International net sales increase 7% to 8%, excluding divestitures
- Consolidated operating income increase 11.5% to 14%, excluding divestitures in constant currency
Challenges Ahead
- Consolidated net sales slightly positive in constant currency
- Walmart International net sales decline 21.5% to 22.5% in constant currency due to divestitures
- Consolidated expense leverage slightly leverage
- Consolidated operating income increase 9% to 11.5% in constant currency
- EPS increase high single-digits
Revenue & Expenses
Visualization of income flow from segment revenue to net income