Walmart Exceeds Fiscal Q4 2022 Revenue Estimates With US$152.87 Billion

Walmart Inc. (NYSE: WMT) reported today its financial results for fiscal Q4 and full-year 2022 ended January 31, 2022. The report highlighted a quarterly revenue of US$152.87 billion, marginally up from Q4 2021’s revenue of US$152.08 billion.

“We had another strong quarter to finish off a strong year,” said CEO Doug McMillon. “We have momentum in our business in all three segments.” The quarterly revenue also beat the consensus estimate of US$151.73 billion.

Breaking down the topline revenue figure, Walmart US sales increased to US$105.3 billion from US$99.6 billion last year, while Walmart International sales decreased to US$27.0 billion from US$34.9 billion last year. The company’s Sam’s Club also increased to US$19.2 billion from US$16.5 billion last year.

The decrease in international sales seems to have been the effect of the company slowly shrinking its non-US global footprint. In May 2021, McMillon said in an earnings call that the “international team has been busy transitioning the portfolio to higher-growth markets, and it’s working.” Walmart Argentina has been bought by South American retailer Grupo de Narváez in November 2020 while Walmart completed the sale of its grocery chain Asda in the United Kingdom in February 2021.

source: Walmart

The firm ended with a quarterly net income of US$3.56 billion compared to last year’s net loss of US$2.09 billion. This translates to US$1.28 per diluted share.

For the full year, operating cash flow fell to US$24.18 billion from US$36.07 billion last year. This also led the free cash flow to decrease to US$11.1 billion this year from US$25.8 billion last year.

The company also ended the quarter with US$14.76 billion in cash and cash equivalents putting the balance of the current assets at US$81.07 billion. Current liabilities ended at US$87.38 billion.

Overall, the company projects a 3% increase in consolidated net sales for fiscal year 2023.

source: Walmart

Among other highlights of the year for the company is the launching of its online subscription offering Walmart+, its own answer to Amazon’s Prime. However, the company has been scarce in sharing the program’s performance.

Walmart last traded at $133.54 on the NYSE.

Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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