Loading...
Loading...
- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
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!
Already a member?Sign in