Walmart U.S. Q1 comp sales grew 6.0%; 16.0% on a two-year stack
May 18 2021 - 6:59AM
Business Wire
Q1 FY22 GAAP EPS of $0.97; Adjusted EPS of
$1.69 Walmart U.S. eCommerce sales increased 37% Walmart
U.S. gains market share in grocery Company raises outlook for Q2
and full-year
Walmart Inc. (NYSE: WMT):
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the full release here:
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First-quarter highlights:
- Total revenue was $138.3 billion, an increase of $3.7 billion,
or 2.7%. Revenue was negatively affected by approximately $4.2
billion related to recent divestitures in Walmart International.
Excluding currency, total revenue would have increased 2.1% to
reach $137.4 billion.
- Walmart U.S. comp sales increased 6.0% with market share gains
in grocery. Operating income increased 26.8%.
- Walmart U.S. eCommerce sales grew 37% with strong results
across all channels, contributing approximately 360 basis points to
comp sales. Sales more than doubled over the last two years.
- Sam’s Club comp sales increased 7.2%, and eCommerce sales grew
47%. Reduced tobacco sales negatively affected comp sales by
approximately 340 basis points. Membership income increased 12.7%,
and total member count reached an all-time high.
- Walmart International net sales were $27.3 billion, a decrease
of $2.5 billion, or 8.3%, and eCommerce sales increased 49%. Net
sales were negatively affected by $4.2 billion, or 14.1%, related
to recent divestitures, and changes in currency exchange rates
positively affected net sales by approximately $0.9 billion.
- Consolidated gross profit rate increased 104 basis points, led
by strength in Walmart U.S., while consolidated operating expenses
as a percentage of net sales was relatively flat.
- Consolidated operating income was $6.9 billion, an increase of
32.3%, with strength across the company. Recently divested
businesses in the U.K. and Japan contributed operating income of
$289 million, or $0.07 of EPS.
- Adjusted EPS excludes the effects, net of tax, of:
- net losses on equity investments of $0.57; and
- an incremental loss on the sale of our operations in the U.K.
and Japan of $0.15
The company will hold a live conference call with the Investment
Community at 7 a.m. CDT on Tuesday, May 18, 2021, to discuss the
company’s first 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 First Quarter Earnings Release event.
About Walmart
Walmart Inc. (NYSE: WMT) 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
220 million customers and members visit approximately 10,500 stores
and clubs under 48 banners in 24 countries and eCommerce websites.
With fiscal year 2021 revenue of $559 billion, Walmart employs over
2.2 million associates worldwide. Walmart continues to be a leader
in sustainability, corporate philanthropy and employment
opportunity. Additional information about Walmart can be found by
visiting corporate.walmart.com, on Facebook at facebook.com/walmart
and on Twitter at twitter.com/walmart.
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Investor Relations Contacts Dan Binder, CFA Vice
President, Investor Relations 479-277-0485
Kary Brunner Sr. Director II, Investor Relations
479-381-9268
Media Relations Contact Randy Hargrove Sr. Director,
Global Communications 800-331-0085
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