NASDAQ$WMT
Walmart Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Walmart had a strong quarter with revenue growth and increased market share in the U.S., driven by strong comp sales and eCommerce performance.
Walmart's Q2 2022 earnings report showed a 2.4% increase in total revenue to $141.0 billion. Walmart U.S. comp sales grew 5.2%, and adjusted EPS was $1.78. The company raised its outlook for the second consecutive quarter, expecting FY22 Walmart U.S. comp sales growth of 5% to 6% and Global eCommerce sales of $75 billion.
- Walmart U.S. comp sales grew 5.2% with strong comp transactions at 6.1%.
- Global eCommerce sales are on track to reach $75 billion by the end of the year.
- Sam's Club comp sales increased 7.7%, with eCommerce sales growing 27%.
- Consolidated operating income increased 21.4% to $7.4 billion.
Headline financials
Revenue & EPS history
Walmart · Revenue · Quarterly
$141B
Revenue by segment
Walmart · $141B total across 4 segments · Q2 2022
- Walmart U.S.$98.2B—69.6%
- Walmart International$23B—16.3%
- Sam's Club U.S.$18.6B—13.2%
- Membership & Other$1.18B—0.8%
Forward guidance
The company updated its expectations for Q3 and fiscal year 2022, assuming continued strength in the U.S. economy and no significant additional government stimulus for the remainder of the year.
Tailwinds
- Consolidated net sales growth up 6% to 7%, or more than $30 billion (excluding divestitures)
- Walmart U.S. comp sales up 5% to 6%, excluding fuel
- Sam’s Club comp sales up 7.5% to 8.5%, excluding fuel and tobacco
- Walmart International net sales increase 7% to 8%, excluding divestitures
- Consolidated operating income increase 11.5% to 14%, excluding divestitures in constant currency
Headwinds
- Consolidated net sales slightly positive in constant currency
- Walmart International net sales decline 21.5% to 22.5% in constant currency due to divestitures
- Consolidated expense leverage slightly leverage
- Consolidated operating income increase 9% to 11.5% in constant currency
- EPS increase high single-digits
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
-0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.0%
Avg return
30 days after
39%
28 / 72 earnings
Positive
+10.6%
Q1 2017
Best reaction
-17.4%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +0.7% | — | — | |
| Q4 2026 | -1.4% | +0.1% | -6.0% | |
| Q3 2026 | +5.9% | +6.4% | +13.7% | |
| Q2 2026 | -4.2% | -6.4% | -0.2% | |
| Q1 2026 | -0.5% | +1.0% | -2.5% | |
| Q4 2025 | -6.5% | -6.1% | -17.3% | |
| Q3 2025 | +3.7% | +7.6% | +11.1% | |
| Q2 2025 | +7.0% | +8.6% | +17.4% | |
| Q1 2025 | +8.1% | +8.9% | +12.0% | |
| Q4 2024 | +2.0% | +3.1% | +8.2% | |
| Q3 2024 | -8.5% | -8.2% | -10.0% | |
| Q2 2024 | -0.8% | -1.4% | +3.4% | |
| Q1 2024 | +0.3% | -0.8% | +4.0% | |
| Q4 2023 | -1.5% | -2.7% | -4.0% | |
| Q3 2023 | +7.3% | +8.6% | +5.0% | |
| Q2 2023 | +5.2% | +3.3% | +0.7% | |
| Q1 2023 | -17.4% | -19.6% | -18.6% | |
| Q4 2022 | +3.3% | +2.2% | +8.9% | |
| Q3 2022 | -3.4% | -3.1% | -2.4% | |
| Q2 2022 | -1.1% | +0.5% | -3.8% | |
| Q1 2022 | +2.2% | +2.1% | -0.8% | |
| Q4 2021 | -6.0% | -8.0% | -10.5% | |
| Q3 2021 | -2.2% | -1.4% | -4.2% | |
| Q2 2021 | -2.3% | -2.9% | +0.8% | |
| Q1 2021 | -1.7% | -2.6% | -7.6% | |
| Q4 2020 | -0.2% | +0.6% | +1.3% | |
| Q3 2020 | -1.8% | -0.9% | -0.6% | |
| Q2 2020 | +6.4% | +5.5% | +10.6% | |
| Q1 2020 | +1.0% | +1.2% | +9.2% | |
| Q4 2019 | -0.1% | -0.4% | -0.9% | |
| Q3 2019 | -3.8% | -7.3% | -9.5% | |
| Q2 2019 | +8.5% | +6.5% | +4.8% | |
| Q1 2019 | -2.9% | -3.2% | -2.8% | |
| Q4 2018 | -12.7% | -11.3% | -16.8% | |
| Q3 2018 | +8.5% | +7.4% | +8.1% | |
| Q2 2018 | -2.0% | -1.2% | -0.7% | |
| Q1 2018 | +4.9% | +4.5% | +0.2% | |
| Q4 2017 | +3.4% | +4.4% | +0.7% | |
| Q3 2017 | -4.0% | -1.8% | -0.6% | |
| Q2 2017 | -0.2% | -1.3% | -0.1% | |
| Q1 2017 | +10.6% | — | — | |
| Q4 2016 | -2.2% | — | — | |
| Q3 2016 | +5.3% | — | — | |
| Q2 2016 | -4.6% | — | — | |
| Q1 2016 | -5.0% | — | — | |
| Q4 2015 | -2.3% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | -2.3% | — | — | |
| Q3 2014 | +0.4% | — | — | |
| Q2 2014 | -3.0% | — | — | |
| Q1 2014 | -2.5% | — | — | |
| Q4 2013 | +1.7% | — | — | |
| Q3 2013 | -4.6% | — | — | |
| Q2 2013 | -3.3% | — | — | |
| Q1 2013 | +5.5% | — | — | |
| Q4 2012 | -6.2% | — | — | |
| Q3 2012 | -2.9% | — | — | |
| Q2 2012 | +3.1% | — | — | |
| Q1 2012 | -1.6% | — | — | |
| Q4 2008 | -0.4% | — | — | |
| Q3 2011 | +0.8% | — | — | |
| Q2 2011 | +3.2% | — | — | |
| Q4 2010 | +3.2% | — | — | |
| Q1 2010 | -1.9% | — | — | |
| Q1 2011 | +0.1% | — | — | |
| Q3 2009 | -1.6% | — | — | |
| Q3 2010 | -1.6% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q2 2009 | -0.7% | — | — | |
| Q2 2010 | -0.7% | — | — |
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