August 17, 2022
Net and comp sales, EPS top projections following company warning last month
After issuing an earnings warning nearly three weeks ago, Walmart turned in better-than-expected top- and bottom-line results and beat Wall Street’s forecast in its fiscal 2023 second quarter.
For the quarter ended July 29, overall revenue came in at $152.86 billion, up 8.4% from $141.05 billion a year earlier, driven in part by elevated inflation, Bentonville, Ark.-based Walmart said Tuesday. In constant currency, revenue rose 9.1% to $153.86 billion. That compared with a revenue uptick of 2.4% (0.6% in constant currency) in the fiscal 2022 quarter. Consolidated net sales climbed 8.2% to $151.38 billion.
February 16, 2023
