Loading...
•
Jan 31, 2022
Walmart Q4 2022 Earnings Report
Walmart's Q4 2022 earnings were strong, with net sales exceeding $150 billion and adjusted EPS of $1.53.
Key Takeaways
Walmart Inc. reported strong Q4 2022 results, with total revenue up 0.5% to $152.9 billion. Walmart U.S. comp sales grew 5.6%, and Sam's Club comp sales increased 10.4%. The company is guiding for FY23 growth in-line with its algorithm and plans to repurchase at least $10 billion in shares.
Total revenue increased by 0.5% to $152.9 billion, despite a $10.2 billion negative impact from divestitures.
Walmart U.S. net sales exceeded $105 billion, with comp sales growing 5.6% and gains in grocery market share.
Sam's Club comp sales increased 10.4%, with membership income up 9.1%.
Walmart International net sales were $27.0 billion, a decrease of 22.6%, negatively affected by divestitures, but with strong growth in China, Mexico, and Flipkart.
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
Walmart anticipates continued growth in fiscal year 2023, with expectations for consolidated net sales to increase by about 3% in constant currency, and Walmart U.S. comp sales to grow slightly above 3%, excluding fuel.
Positive Outlook
- Consolidated net sales increase about 3% in constant currency
- Excluding divestitures, increase about 4%
- Walmart U.S., slightly above 3%, ex. fuel
- Consolidated operating income Increase about 3% in constant currency
- Excluding divestitures, increase at a rate higher than net sales
Challenges Ahead
- Effective tax rate 25% to 26%
- EPS growth Increase mid single-digits
- Excluding divestitures, increase 5% to 6%
- Capital expenditures Upper end of 2.5% to 3% of net sales with a focus on supply chain, automation, customer-facing initiatives and technology
- Assumes some degree of relief from costs associated with COVID-19 and disruptions in the supply chain as the year progresses
Revenue & Expenses
Visualization of income flow from segment revenue to net income