Walmart Q2 Earnings Smashes Estimates

  • Walmart Inc WMT reported second-quarter FY22 sales growth of 2.4% year-on-year, to $141 billion, beating the analyst consensus of $136.88 billion.
  • Net sales from the Walmart U.S. increased 5.3% Y/Y, Walmart International declined 15.2%, and Sam's club rose 13.9%.
  • Walmart U.S. Q2 comp sales without fuel grew 5.2%.
  • The operating margin was 5.2%, and operating income for the quarter rose 21.4% to $7.4 billion.
  • The company held $22.8 billion in cash and equivalents as of July 31, 2021.
  • Cash provided by operating activities totaled $12.4 billion year-to-date with a free cash flow of $7.4 billion.
  • Adjusted EPS of $1.78 beat the analyst consensus of $1.56.
  • "Our global eCommerce sales are on track to reach $75 billion by the end of the year, further strengthening our position as a leader in omnichannel," said Doug McMillon, President and CEO, Walmart.
  • Outlook: Walmart sees Q3 FY22 EPS of $1.30 - $1.40 versus the consensus of $1.31.
  • The company currently sees FY22 EPS of $6.20 - $6.35 versus the consensus of $6.02. Walmart U.S. comp sales growth of 5%-6%, excluding fuel.
  • Price Action: WMT shares are trading higher by 0.40% at $151.35 in premarket on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!