Walmart's Q1 consolidated net income attributable to company falls 24.8% to US$2.05B from US$2.73B; total revenues up 2.4% to US$141.57B from US$138.31B as US segment rises 4.0%, Sam's Club up 17.5%, international segment falls 13%

Sample article from our Retail & Omnichannel

May 17, 2022 (press release) –

  • Walmart U.S. comp sales1 grew 3.0% and gained market share in grocery
  • Q1 FY23 GAAP EPS of $0.74; Adjusted EPS2 of $1.30
  • Company provides updated outlook for Q2 and full year

Associate standing next to potatoes in produce area 


Q1 FY23 Earnings at a Glance


Total Revenue
Total revenue was $141.6 billion, up 2.4%, negatively affected by $5.0 billion due to divestitures.
 

U.S. Comp Sales
Walmart U.S. Q1 comp sales1 grew 3.0% and 9.0% on a two-year stack.

Walmart U.S. eCommerce
Walmart U.S. eCommerce sales grew 1% or 38% on a two-year stack.
 

Sam's Club Comp Sales
Sam’s Club comp sales1 increased 10.2%, and 17.4% on a two-year stack. Membership income increased 10.5%.

Walmart International
Walmart International net sales were $23.8 billion, a decrease of $3.5 billion, or 13.0%, negatively affected by $5.0 billion due to divestitures.
 

Operating Income
Consolidated operating income was $5.3 billion, a decrease of 23.0%, negatively affected by $0.3 billion from divestitures.

Adjusted EPS
GAAP EPS of $0.74; Adjusted EPS2 of $1.30.

1 Comp sales for the 13-week period ended April 29, 2022 compared to the 13-week period ended April 30, 2021, and excludes fuel. See Supplemental Financial Information for additional information.
2 See additional information at the end of this release regarding non-GAAP financial measures.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order retail & omnichannel coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.