Walmart Releases Q3 earnings, grew by 9.2%

Walmart Inc. (NYSE: WMT) announced its quarter 3 earnings report on Tuesday before the market opened. It generated adjusted EPS of $1.45 and $140.5 billions in revenue.

“Our momentum continues with strong sales and profit growth globally. Our omnichannel focus is pushing digital penetration to record levels. We gained market share in grocery in the U.S., and more customers and members are returning to our stores and clubs around the world. Looking ahead, we have the people, the products, and the prices to deliver a great holiday season for our customers and members.”

Doug McMillon, President and CEO, Walmart

Key Highlights

  • Walmart U.S. Q3 comp sales1 grew 9.2%; 15.6% two-year stack.
  • Comp transactions up 5.7% Q3 FY22 GAAP EPS of $1.11, Adjusted EPS of $1.45
  • Company expects Walmart U.S. Q4 comp sales of around 5%; Raises EPS guidance for third consecutive quarter
  • Walmart U.S. inventory up 11.5% ahead of holidays

Analysts Estimate

EPS: $1.39

Revenue: $1.34 billion

Earnings History

Walmart Inc. last reported its earnings report on 12th August, 2021. The company generated total revenue of $141.0billion,up by 2.4% from the previous quarter. Net sales of Walmart and eCommerce sales increased by nearly 13% and 6% in quarter 2 respectively. Walmart, U.S Adjusted Operating Income was strong, up about 12%. Walmart International net    sales were $23.0 billion, a decrease   

of $4.1billion. It reported an EPS of $1.78.

The company registered strong growth in advertising businesses globally, including nearly doubling sales in Walmart,U.S. compared to the quarter in last year. 

Future Plans

Walmart Inc. plans to build two huge, automated warehouses in Dallas, creating about a thousand full-time jobs. Walmart also is planning to expand its healthcare presence to self-funded employer plans. 

Company Profile

Walmart Inc.helps people around the    world    save money and live better-anytime    and    anywhere-in retail stores, online, and    through their mobile devices. 

Walmart is an American multinational retail corporation and it employs 2.2 million    people worldwide. The retail company, based in Bentonville, Arkansas, continues to be a leader in sustainability, corporate philanthropy and employment opportunity.      

To listen the full webcast, click on the link below.

 

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