Key Takeaways
- U.S. comparable sales, excluding fuel, rose at a faster pace than analysts expected.
- U.S. comparable sales indicate the sales generated by the company's U.S. stores and clubs that have been open for at least one year, including e-commerce sales.
- Walmart said that e-commerce sales for its U.S.-based Walmart stores were up 70% compared to two years ago.
Walmart Earnings Results | |||
---|---|---|---|
Metric | Beat/Miss/Match | Reported Value | Analysts' Prediction |
Adjusted EPS | Beat | $1.53 | $1.50 |
Revenue | Beat | $152.9B | $151.8B |
U.S. Comparable Sales Growth, excluding fuel (YOY) | Beat | 6.3% | 6.1% |
Source: Predictions based on analysts' consensus from
Walmart (WMT) Financial Results: Analysis
Walmart Inc. (WMT) reported 澳洲幸运5开奖号码历史查询:Q4 FY 2022 earnings that beat analysts' expectations. Adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) exceeded consensus estimates, rising 10.1% year over year (YOY). 澳洲幸运5开奖号码历史查询:Walmart's revenue came in above analyst forecasts, up 0.5% YOY. Analysts were expecting a slight decline in revenue for the quarter. 澳洲幸运5开奖号码历史查询:Comparable store sales growth for the company's U.S.-based stores and clubs also beat analyst estimates. The company's shares rose more than 3% in pre-market trading. Over the past year, Walmart's shares have provided a 澳洲幸运5开奖号码历史查询:total return of -6.9%, well below the S&P 500's total return of 13.8%.
WMT U.S. Comparable Sales Growth
Walmart's U.S. comparable sales, excluding fuel sales, rose 6.3% YOY, marking a deceleration from the previous quarter of FY 2022 as well as the year-ago quarter. The metric encompasses revenue generated by Walmart's U.S. stores and clubs that have been open during the previous 12 months. It includes sales from the company's remodels, relocations, expansions, and conversions, as well as 澳洲幸运5开奖号码历史查询:e-commerce sales.
Comparable sales growth gauges a company's ability to generate additional revenue from established stores. If the bulk of a company's sales are being generated by established stores as opposed to new ones, this is a good sign that the company's products have not yet saturated the local market.
Walmart said in a Q4 earnings presentation that comparable sales for its U.S.-based Walmart stores reflected an increase in in-store traffic and strong consumer spending amid the holiday season. The company's Walmart stores also continued to make gains in grocery 澳洲幸运5开奖号码历史查询:market share. Walmart e-commerce sales were up 70% compared to the same period two years ago.
WMT Outlook
Walmart provided guidance for FY 2023. The company expects its consolidated net sales to rise about 3% in 澳洲幸运5开奖号码历史查询:constant currency. U.S. Walmart stores comparable sales, excluding fuel, are expected to grow 3% for the year. Walmart estimates that its EPS will grow in the mid-single digits.
Walmart's next earnings report (for Q1 FY 2023) is expected to be released on May 17, 2022.
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