Walmart Releases Q1 FY23 Earnings

May 17, 2022

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  • 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


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.

Earnings Per Share

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.


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