Walmart Releases Q3 FY23 Earnings

Nov. 15, 2022

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  • Walmart U.S. comp sales1 grew 8.2%, with unit growth in food, and eCommerce up 16%
  • Q3 FY23 GAAP EPS of $0.66; Adjusted EPS2 of $1.50
  • Company raises full-year outlook on strong results for Q3


Q3 FY23 Earnings at a Glance

Total Revenue

Total revenue was $152.8 billion, up 8.7%, or 9.8% in constant currency2.

U.S. Comp Sales

Walmart U.S. Q3 comp sales1 grew 8.2% and 17.4% on a two-year stack. Continued to gain market share in grocery.

Walmart U.S. eCommerce

Walmart U.S. eCommerce growth was 16% and 24% on a two-year stack.

Sam's Club Comp Sales

Sam’s Club comp sales1 increased 10.0%, and 23.9% on a two-year stack. Membership income increased 8.0% with member count at an all-time high.

Walmart International

Walmart International net sales were $25.3 billion, an increase of $1.7 billion, or 7.1%, negatively affected by $1.5 billion from currency fluctuations.

Operating Income

Consolidated adjusted operating income2 was $6.0 billion, an increase of 3.9%.

Earnings Per Share

GAAP EPS of $2.32; Adjusted EPS2 of $1.71 excludes the effects of $1.16 from net gains on equity and other investments and $0.55 from charges related to reorganization and restructuring.

Comp sales for the 13-week period ended October 28, 2022 compared to the 13-week period ended October 29, 2021, and excludes fuel. See Supplemental Financial Information for additional information.

See additional information at the end of this release regarding non-GAAP financial measures.


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