Walmart Quarterly Performance Report: Q4 2022

June 23, 2022

Total sales increased by 0.5 percent to $152.9 billion, a decrease of $10.2 billion as a result of divestitures.

Fourth Quarter Highlights

Total sales increased by 0.5 percent to $152.9 billion, a decrease of $10.2 billion as a result of divestitures
Walmart U.S. made strong sales this quarter, witnessing a gain in market share in grocery. Over a two-year period, eCommerce sales increased by 1% and 70%, respectively
The consolidated gross profit rate increased by 10 basis points; in the United States, it increased by 54 basis points
On a two-year stack, Sam's Club comp sales climbed 10.4 percent and 21.2 percent. The amount of money collected from members grew by 9.1%
Walmart International witnessed net sales of $27.0 billion, down $7.9 billion, or 22.6 percent, mainly due to divestitures that cost $10.1 billion. China, Mexico, and Flipkart all saw significant increases
While executing key plans, he successfully navigated higher supply chain costs and pandemic-related issues. As a percentage of net sales, consolidated operating expenses were basically steady
The company's consolidated operating income increased by 7.3 percent to $5.9 billion. The adjusted operating income increased by 5.9%. Due to divestitures, both were negatively impacted by around 60 basis points
The company places a premium on in-stock levels. Inventory is up 26% globally and 28% in the United States, due to the increasing cost of goods, mix, and in-transit shipments

Total revenue increased by 2.4 percent to $572.8 billion, despite a $32.7 billion hit from divestitures. Total revenue would have climbed 1.6 percent to $568.2 billion if currency were not factored in
On a two-year stack, Walmart's U.S. comp sales climbed by 6.4 percent and 15.0 percent, respectively
Over a two-year period, Walmart's U.S. eCommerce sales increased by 11.0 percent and 90 percent, respectively
Marketplace and fulfillment services have experienced strong growth in the United States, Mexico, and India. Approximately 20,000 new merchants have joined the marketplace in the United States
As the company's flywheel accelerates, its global advertising business hit $2.1 billion. Active marketers utilizing Walmart Connect increased by 136 percent in the United States
On a two-year stack, Sam's Club comp sales climbed 9.8% and 21.6 percent, respectively. The revenue from membership climbed by 11.3 percent
Walmart International's net sales dropped 16.8% as a result of divestitures, which cost the company $32.6 billion
Walmart generated $24.2 billion in operating cash flow and paid out $15.9 billion in dividends and share repurchases to shareholders
GAAP earnings per share of $4.87; adjusted earnings per share of $6.46.
For the fiscal year, the company repurchased $9.8 billion in shares, or about half of the USD 20 billion authorization announced the previous year

Total company sales were $151.52 billion in the fourth quarter, compared to $150.98 billion for the same period last year
The expense ratio went negligibly down from 96.40% in the fourth quarter of 2020 to 96.10% in the same period this year
The Operating Income Ratio slightly increased from 3.60% in Q4 2020 to 3.90% for the same period this year
Net Earnings Ratio increased from (1.40)% in Q4 2020 to 2.40% for the same period this year

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