Walmart Inc. (NYSE: WMT) today announced it will hold a live conference call with the Investment Community at 7 a.m. CDT on Tuesday, Aug. 17, 2021, to discuss the company’s second quarter earnings results for fiscal year 2022. Doug McMillon, president and chief executive officer, and Brett Biggs, executive vice president and chief financial officer, will host the call to discuss the results and answer questions.

Walmart U.S. Q2 comp sales grew 5.2%; 14.5% two-year stack; Comp transactions strong at 6.1%. Q2 FY22 GAAP EPS of $1.52; Adjusted EPS^2,5  of $1.78. 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 US comparable sales of +5.2% vs. consensus of +3.12%, and Sam’s Club ex-fuel of +7.7% vs. consensus of +2.98%.
• The retailer expects Q3 Walmart US comparable sales of +6% to +7%, excluding fuel and EPS of $1.30 to $1.40 vs.  consensus of $1.31.
• Boost FY2022 outlook:

• Total revenue was $141.0 billion, up 2.4%, negatively affected by approximately $8.9 billion related to divestitures. Excluding currency, total revenue would have increased 0.6% to $138.6 billion.
• 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 increased 12.0%.
• 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 increased 7.7%, and eCommerce sales grew 27%. Membership income increased 12.2% with member count reaching an all-time high.
• 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.
• 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 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 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.

Walmart Inc. 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.

The event will be webcast live and accessible by logging onto  corporate.walmart.com/newsroom/financial-events  and selecting the Second Quarter Earnings Release event. The webcast will be archived and available beginning at approximately noon CDT on Aug. 17.

Walmart Inc. (NYSE:WMT) is a behemoth operating not only as a grocery store and also as a pharmacy. There is not a consumer staple product that Walmart Inc. (NYSE:WMT) does not sell. Walmart Inc.   also offers financial services such as check cashing, wire transfers, and bill payments.

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 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.

CWEB Analyst’s have initiated a STRONG BUY Rating for   Walmart (NYSE:WMT) and potential upside of $1500.  Amazon has less revenue and it is trading   over $3000. The fundamentals of Walmart are to strong and cash on hand has increased and staggering revenues have contributed even to bigger growth. Amazon revenue for Q1 2021 was $104 Billion and it is very realistic for Walmart to go above$1500 and $2000 very soon.

Click Here For Full Stock Research on Walmart by CWEB

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