Walmart sees better Q2 results than expected

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.