Home

 

 
 
 

 

RT

 

 
 
 
 
 
 

 

CNN

 

WOLF BLITZER

Travel

 

CHINA

 

Dr. Beat Richner
Thailand
Angkor Wat
Consumer Reports
Thai Police Harass

Sheldon Adelson

SPORTS
JUNIOR SEAU
ELGIN BAYLOR
BILL RUSSELL
BOB PETTIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CNN'S FAKE NEWS

 

 

 

 

BUSINESS - Walmart reports Q2 earnings

 

 

 

Walmart Inc. helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, approximately 230 million customers and members visit more than 10,500 stores and numerous eCommerce websites under 46 banners in 24 countries. With fiscal year 2022 revenue of $573 billion

 

BENTONVILLE, Ark. USA - (BUSINESS WIRE)

Tuesday August 16, 2022

Company delivered strong top-line growth globally, partially driven by inflation. Total revenue was $152.9 billion, up 8.4%, or 9.1% in constant currency.

Walmart U.S. comp sales grew 6.5% and 11.7% on a two-year stack. eCommerce growth was 12% and 18% on a two-year stack.

Continued to gain market share in grocery.

Samís Club comp sales increased 9.5%, and 17.2% on a two-year stack. Membership income increased 8.9% with member count at an all-time high.

Walmart International net sales were $24.4 billion, an increase of $1.3 billion, or 5.7%, negatively affected by $1.0 billion from currency fluctuations. Double-digit comps in three largest markets of Mexico, Canada, and China.

Global advertising business grew nearly 30%, led by Walmart Connect in the U.S. and Flipkart advertising.

Consolidated gross profit rate declined 132 basis points, primarily due to markdowns and mix of sales in the U.S., and an inflation-related LIFO charge at Samís Club.

Consolidated operating expenses as a percentage of net sales decreased 45 basis points, primarily due to strong sales growth partially offset by wage investments.

Consolidated operating income was $6.9 billion, a decrease of 6.8%, positively affected by $173 million from an insurance settlement for Walmart Chile.

GAAP and Adjusted EPS include a $0.05 impact from the Walmart Chile insurance settlement discussed above, as well as a $0.05 impact from a dividend related to the Companyís equity investment in JD.com.

The company will hold a live conference call with the Investment Community at 7 a.m. CDT Tuesday, Aug. 16, 2022, to discuss the companyís second quarter earnings results for fiscal year 2023.

The event will be webcast live and is accessible by visiting https://corporate.walmart.com/newsroom/financial-events and selecting the Second Quarter Earnings Release event. The webcast will be archived and available beginning at approximately noon CDT Aug. 16.

© Copyright: National Radio. Any use of these materials, whole or in part, is prohibited unless authorized in writing by National Radio. Contact: nationalradio@yahoo.com All rights reserved.

 

NBA

 

Los Angeles Lakers
Phil Jackson
NBA MAX French language
Kyrie Irving
LeBron's Castoffs Excel
Giannis Antetokounmpo
KEVIN DURANT
LAKERS BUSTED
KOBE BRYANT
Omri Casspi

 

SPORTS

 

THE NHL's HULLS

 

NFL

 

Tom Brady's Bunch
Christian McCAFFREY

Super Bowl Pioneers

 

MLB

 

Shoehei Ohtani

Mike Piazza

 

SOCCER

 

FIFA Top 10

Thomas Tuchel
FIFA News
Sepp BLATTER MATTER?

 

TENNIS

 

Roger Federer

Emma Raducanu

Williams Family
Julianna Pena
Joe Frazier

RONDA ROUSEY

TIGER WOODS