skip to main content
Find Insight DIY on
* * *

International DIY News

Walmart Reports 5.2% Growth In Q2 US Sales

Walmart supercentre 725 x 500
  • Company raises outlook for second consecutive quarter
  • Expecting FY22 Walmart U.S. comp sales of 5% to 6% and Global eCommerce sales of $75 billion
  • Walmart U.S. Q2 comp sales(1) grew 5.2%; 14.5% two-year stack; Comparable transactions strong at 6.1% Q2 FY22 GAAP EPS of $1.52; Adjusted EPS2,5 of $1.78

Walmart has reported on Q2 trading, covering the 13-week period ended July 30, 2021.

Total Revenue:

Total revenue was $141.0 billion, up 2.4%, negatively affected by approximately $8.9 billion related to divestitures. Excluding currency(2), total revenue would have increased 0.6% to $138.6 billion.

US Comparable Sales:

Walmart U.S. grew market share in grocery. Comp transactions were strong at 6.1%, led by stores.

Walmart U.S. operating income increased 20.4%. Adjusted operating income(2) increased 12.0%.

Walmart U.S. eCommerce:

Walmart U.S. eCommerce sales grew 6% and 103% on a two-year stack.

Strong growth in advertising businesses globally, including nearly doubling sales in Walmart U.S. versus last year. 

Sam's Club Comp Sales:

Sam’s Club comp sales(1) increased 7.7%, and eCommerce sales grew 27%. Membership income increased 12.2% with member count reaching an all-time high.

Walmart International:

Walmart International net sales were $23.0 billion, a decrease of $4.1 billion, or 15.2%, negatively affected by $8.9 billion related to divestitures. Changes in currency exchange rates positively affected net sales by approximately $2.4 billion.

Gross Profit and Operating Income:

Consolidated gross profit rate decreased 15 basis points; Walmart U.S. increased 20 basis points. Consolidated operating expenses as a percentage of net sales declined 81 basis points; adjusted(3) declined 47 basis points

Consolidated operating income was $7.4 billion, an increase of 21.4%, with strength across the company. Consolidated operating income as a percentage of net sales increased 83 basis points; adjusted(4) increased 50 basis points.

Repurchased $5.2 billion in shares year to date, representing around 25% of the $20 billion authorization announced earlier this year

Doug McMillon President and CEO, Walmart, said: “We had another strong quarter in every part of our business. Our global eCommerce sales are on track to reach $75 billion by the end of the year, further strengthening our position as a leader in omnichannel. We grew market share in U.S. grocery, added thousands of new sellers to our marketplace, rapidly grew advertising businesses around the world, and we’re finding innovative ways to commercialize our data and build technology. We have a unique ecosystem of products and services designed to serve customers in broader, deeper ways, and we’re grateful to our associates for making it all happen.” 

Source : Walmart

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.  

17 August 2021

Related News

view more International DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry