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Financial, Retail

Walmart Inc. Net Sales Exceed $150 Billion in Q4

The retail behemoth reports  that total revenue was $152.9 billion for the fourth-quarter 2021, up 0.5 percent, and that total revenue was $572.8 billion for the year-ended.

2/17/2022
BENTONVILLE, Ark. -- Walmart Inc. (NYSE: WMT) has released its fourth-quarter results reporting that total revenue was $152.9 billion, up 0.5 percent, and full-year revenue of $572.8 billion, up 2.4 percent.

FOURTH-QUARTER HIGHLIGHTS:

-- Company delivers strong holiday results globally. Total revenue was $152.9 billion, up 0.5%, negatively affected by $10.2 billion due to divestitures.

-- Strong sales in Walmart U.S. with market share gains in grocery. eCommerce sales grew 1% and 70% on a two-year stack.

-- Competitive pricing remains in focus globally. Consolidated gross profit rate up 10 bps; 54 bps in Walmart U.S.

--Sam’s Club comp sales increased 10.4%, and 21.2% on a two-year stack. Membership income increased 9.1%.

-- Walmart International net sales were $27.0 billion, a decrease of $7.9 billion, or 22.6%, negatively affected by $10.1 billion due to divestitures. China, Mexico and Flipkart delivered strong growth.

-- Navigated higher supply chain costs and pandemic-related challenges well, while executing strategic initiatives. Consolidated operating expenses as a percentage of net sales was relatively flat.

-- Consolidated operating income was $5.9 billion, an increase of 7.3%.
-- Adjusted operating income increased 5.9%. Both were negatively affected by about 60 basis points due to divestitures.

--Company prioritizes in-stock levels. Inventory up 26% globally; 28% in the U.S., affected by higher cost of goods, mix, and higher in-transit shipments.

FULL-YEAR HIGHLIGHTS:

-- Total revenue was $572.8 billion, up 2.4%, negatively affected by $32.7 billion related to divestitures. Excluding currency, total revenue would have increased 1.6% to $568.2 billion.

-- Walmart U.S. comp sales increased 6.4% and 15.0% on a two-year stack.

-- Walmart U.S. eCommerce sales grew 11.0% and 90% on a two-year stack.

-- Robust growth in marketplace and fulfillment services in the U.S., Mexico and India. Added approximately 20,000 new sellers to the U.S. marketplace.

-- Global advertising business reached $2.1 billion as the company’s flywheel accelerates. In the U.S., active advertisers using Walmart Connect increased 136%.

-- Sam’s Club comp sales increased 9.8% and 21.6% on a two-year stack. Membership income increased 11.3%.

-- Walmart International net sales decreased 16.8%, negatively affected by approximately $32.6 billion related to divestitures.

-- The company generated $24.2 billion in operating cash flow and returned $15.9 billion to shareholders through dividends and share repurchases.

-- GAAP EPS of $4.87; Adjusted EPS of $6.46.

-- Repurchased $9.8 billion in shares for the fiscal year, representing around 50% of the $20 billion authorization announced last year.

The company will hold a live conference call with the Investment Community at 7 a.m. CST on Thursday, Feb. 17, 2022, to discuss the company’s fourth quarter earnings results for fiscal year 2022. The event will be webcast live and accessible by logging onto https://corporate.walmart.com/newsroom/financial-events and selecting the Fourth Quarter Earnings Release event.

Walmart Inc. operates 10,500 stores and clubs under 46 banners in 24 countries and e-commerce websites. https://facebook.com/walmart and on Twitter at https://twitter.com/walmart.
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