Bentonville / AR. (wama) Walmart Inc. published its financial statements for the fourth quarter of fiscal 2022, that ended in Bentonville on December 31, 2021. Walmart Inc. net sales exceed USD 150 billion in Q4-2022; Walmart U.S. net sales exceed USD 105 billion in Q4; comparable sales grew 5.6 percent. Highlights:
- Company delivers strong holiday results globally. Total revenue was USD 152.9 billion, up 0.5 percent, negatively affected by USD 10.2 billion due to divestitures.
- Strong sales in Walmart U.S. with market share gains in grocery. eCommerce sales grew 1 percent and 70 percent on a two-year stack.
- Competitive pricing remains in focus globally. Consolidated gross profit rate up 10 bps; 54 bps in Walmart U.S.
- Sam’s Club comp sales increased 10.4 percent, and 21.2 percent on a two-year stack. Membership income increased 9.1 percent.
- Walmart International net sales were USD 27.0 billion, a decrease of USD 7.9 billion, or 22.6 percent, negatively affected by USD 10.1 billion due to divestitures. China, Mexico and Flipkart delivered strong growth.
- Navigated higher supply chain costs and pandemic-related challenges well, while executing strategic initiatives. Consolidated operating expenses as a percentage of net sales was relatively flat.
- Consolidated operating income was USD 5.9 billion, an increase of 7.3 percent. Adjusted operating income increased 5.9 percent. Both were negatively affected by about 60 basis points due to divestitures.
- Company prioritizes in-stock levels. Inventory up 26 percent globally; 28 percent in the U.S., affected by higher cost of goods, mix, and higher in-transit shipments.
- Total revenue was USD 572.8 billion, up 2.4 percent, negatively affected by USD 32.7 billion related to divestitures. Excluding currency, total revenue would have increased 1.6 percent to USD 568.2 billion.
- Walmart U.S. comp sales increased 6.4 percent and 15.0 percent on a two-year stack.
- Walmart U.S. eCommerce sales grew 11.0 percent and 90 percent on a two-year stack.
- Robust growth in marketplace and fulfillment services in the U.S., Mexico and India. Added approximately 20,000 new sellers to the U.S. marketplace.
- Global advertising business reached USD 2.1 billion as the company’s flywheel accelerates. In the U.S., active advertisers using Walmart Connect increased 136 percent.
- Sam’s Club comp sales increased 9.8 percent and 21.6 percent on a two-year stack. Membership income increased 11.3 percent.
- Walmart International net sales decreased 16.8 percent, negatively affected by approximately USD 32.6 billion related to divestitures.
- The company generated USD 24.2 billion in operating cash flow and returned USD 15.9 billion to shareholders through dividends and share repurchases.
- GAAP EPS of USD 4.87; Adjusted EPS of USD 6.46.
- Repurchased USD 9.8 billion in shares for the fiscal year, representing around 50 percent of the USD 20 billion authorization announced last year.
For additional information please read the Company’s PDF file below (251 KB):20220218-WALMART-Q4-2022