Walmart Inc.: reports first quarter FY-2022 results

Bentonville / AR. (wama) Walmart Inc. announced its financial results for the first quarter of fiscal 2022 – the three months ended April 30, 2021. Comparable sales grew 6.0 percent, 16.0 percent on a two-year stack, the company said in its statement. First-quarter highlights:

  • Total revenue was USD 138.3 billion, an increase of USD 3.7 billion, or 2.7 percent. Revenue was negatively affected by approximately USD 4.2 billion related to recent divestitures in Walmart International. Excluding currency, total revenue would have increased 2.1 percent to reach USD 137.4 billion.
  • Walmart U.S. comp sales increased 6.0 percent with market share gains in grocery. Operating income increased 26.8 percent.
  • Walmart U.S. eCommerce sales grew 37 percent with strong results across all channels, contributing approximately 360 basis points to comp sales. Sales more than doubled over the last two years.
  • Sam’s Club comp sales increased 7.2 percent, and eCommerce sales grew 47 percent. Reduced tobacco sales negatively affected comp sales by approximately 340 basis points. Membership income increased 12.7 percent, and total member count reached an all-time high.
  • Walmart International net sales were USD 27.3 billion, a decrease of USD 2.5 billion, or 8.3 percent, and eCommerce sales increased 49 percent. Net sales were negatively affected by USD 4.2 billion, or 14.1 percent, related to recent divestitures, and changes in currency exchange rates positively affected net sales by approximately USD 0.9 billion.
  • Consolidated gross profit rate increased 104 basis points, led by strength in Walmart U.S., while consolidated operating expenses as a percentage of net sales was relatively flat.
  • Consolidated operating income was USD 6.9 billion, an increase of 32.3 percent, with strength across the company. Recently divested businesses in the U.K. and Japan contributed operating income of USD 289 million, or USD 0.07 of EPS.
  • Adjusted EPS excludes the effects, net of tax, of:
    • net losses on equity investments of USD 0.57; and
    • an incremental loss on the sale of our operations in the U.K. and Japan of USD 0.15.

For additional information please read the Company’s PDF file below (418 KB):


Back to top