Walmart Inc.: reports third quarter FY-2023 earnings

Bentonville / AR. (wama) Walmart Inc. published its financial statements for the third quarter of fiscal 2023, that ended in Bentonville on October 28, 2022. Total revenue was USD 152.8 billion, up 8.7 percent, or 9.8 percent in constant currency. Walmart U.S. Q3-2023 comparable sales grew 8.2 percent and 17.4 percent on a two-year stack. The Company continued to gain market share in grocery. Walmart U.S. E-Commerce growth was 16 percent and 24 percent on a two-year stack. Sam’s Club comparable sales increased 10.0 percent, and 23.9 percent on a two-year stack. Membership income increased 8.0 percent with member count at an all-time high. Walmart International net sales were USD 25.3 billion, an increase of USD 1.7 billion, or 7.1 percent, negatively affected by USD 1.5 billion from currency fluctuations. Consolidated adjusted operating income was USD 6.0 billion, an increase of 3.9 percent. GAAP EPS was/is USD 0.66 – Adjusted EPS was/is USD 1.50 (EPS = Earnings per Share).

President and CEO Doug McMillon: «We had a good quarter with strong top-line growth globally led by Walmart and Sam’s Club U.S., along with Flipkart and Walmex. Walmart U.S. continued to gain market share in grocery, helped by unit growth in our food business. We significantly improved our inventory position in Q3-2023, and we will continue to make progress as we end the year. From The Big Billion Days in India, through our Deals for Days events in the U.S. and a Thanksgiving meal that will cost the same as last year, we are here to help make this an affordable and special time for families around the world. We have an amazing group of associates that make all this happen, and I want to say thank you.»

For additional information please read the Company’s PDF file below (403 KB):

20221115-WALMART-Q3-2023
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