Walmart Inc.
08/16/2022 | Press release | Distributed by Public on 08/16/2022 05:08
Walmart Releases Q2 FY23 Earnings
- Walmart U.S. comp sales1 grew 6.5%, including mid-teens in food, and eCommerce up 12%
- Q2 FY23 GAAP EPS of $1.88; Adjusted EPS2 of $1.77
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Company maintains outlook for back-half of FY23
Q2 FY23 Earnings at a Glance
Total Revenue
Total revenue was $152.9 billion, up 8.4%.
U.S. Comp Sales
Walmart U.S. Q2 comp sales1 grew 6.5% and 11.7% on a two-year stack. Continued to gain market share in grocery.
Walmart U.S. eCommerce
Walmart U.S. eCommerce growth was 12% and 18% on a two-year stack.
Sam's Club Comp Sales
Sam's Club comp sales1 increased 9.5%, and 17.2% on a two-year stack. Membership income increased 8.9% with member count at an all-time high.
Walmart International
Walmart International net sales were $24.4 billion, an increase of $1.3 billion, or 5.7%, negatively affected by $1.0 billion from currency fluctuations.
Operating Income
Consolidated operating income was $6.9 billion, a decrease of 6.8%, positively affected by $173 million from an insurance settlement for Walmart Chile.
Earnings Per Share
GAAP EPS of $1.88; Adjusted EPS2 of $1.77. Includes a $0.05 impact from the Walmart Chile insurance settlement. Includes a $0.05 impact from a dividend related to the Company's equity investment in JD.com.
1 Comp sales for the 13-week period ended July 29, 2022 compared to the 13-week period ended July 30, 2021, and excludes fuel. See Supplemental Financial Information for additional information.
2 See additional information at the end of this release regarding non-GAAP financial measures.
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