Headquartered in Arkansas, United States of America, Walmart Inc. generated USD 572.8 billion in total revenue in the fiscal year 2022, comprising primarily USD 567.8 billion in net sales.

Table of Content

Second Quarter Highlights Second Quarter YoY Financial Comparison Additional Key Highlights
 

Second Quarter Highlights

  • Strong top-line growth was achieved by the company globally, partially fueled by inflation. $152.9 billion was the total revenue, an increase of 8.4% or 9.1% in constant currency
  • On a two-year stack, Walmart's U.S. comp sales increased by 6.5% and 11.7%. A two-year stack of eCommerce growth showed 12% and 18% growth. Continued to increase the share of the market in grocery
  • On a two-year stack, Sam's Club comp sales climbed 17.2% and 9.5%, respectively. Membership income climbed by 8.9%, and the number of members reached a record high
  • Walmart's global net sales increased by $1.3 billion, or 5.7%, to $24.4 billion, but were adversely impacted by $1.0 billion in currency swings. Double-digit comps in Mexico's, Canada's, and China's three largest markets

Source: Financial Information - Quarterly Results

 

Second Quarter YoY Financial Comparison

  • Total company sales were $152.8 billion in the second quarter of 2023, compared to $141.0 billion for the same period last year
  • The expense ratio went up from approximately 94.8% in the second quarter of 2022 to 95.5% in the same period this year
  • Operating Profit Ratio decreased from 5.2% in Q2 2022 to 4.5% for the same period this year
  • Net Earnings (Attributable to Walmart) Ratio increased from 3.0% in Q2 2022 to 3.4% for the same period this year

Source: Financial Information - Quarterly Results

 

Additional Key Highlights

  • Walmart Connect in the United States and Flipkart advertising drove roughly 30% growth in the global advertising market
  • Food sales were strong, driving sales growth (+mid-teens); this was reflected in ongoing market share increases
  • Strong pharmacy sales were mostly the result of a favorable mix and the inflation of branded drugs; sales increased by mid-20% over a two-year stack
  • Sales were strong in the back-to-school, automobile, lawn & garden, and discretionary categories like clothes, electronics, and home goods

Source: Financial Information - Quarterly Results

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