Why Should You Buy Walmart 2022 Earnings. Beats on Revenue and Earnings of $152.87 billion

Walmart the nation’s and word’s largest retailer said on Thursday that its total revenue rose to $152.08 billion. “We had another strong quarter to finish off a strong year,’’ the company’s chief executive, Doug McMillon, said in a statement. “We have momentum in our business in all three segments. We’re being aggressive with our plans and executing on the strategy.”

Walmart posted net income of $3.56 billion, or $1.28 per share, compared with a loss of $2.09 billion, or 74 cents per share, a year earlier. Excluding items, the company earned $1.53 per share.

Total revenue rose to $152.87 billion from $152.08 billion a year earlier, above Wall Street’s expectations of $151.53 billion.

Walmart-owned Sam’s Club saw growth in both sales and membership. Its same-store sales jumped by 10.4% in the fourth quarter compared with the year-ago period or 21.2% on a two-year basis. The company does not disclose membership count, but said membership income grew by 9.1% in the fourth quarter.

In the coming year, Walmart said it expects the company’s total sales to rise about 4% and same-store sales for Walmart U.S. to increase by a little over 3%, excluding the impact of divestitures. He said same-store sales growth will be more limited in the first quarter – about 1% to 2% – as Walmart laps a period of stimulus-fueled spending.

The company said it was on track to hit its 2023 financial targets, expecting U.S. comparable-sales growth of above 3%, not including fuel, and per-share earnings growth in the mid-single digits. Analysts expect same-store sales growth of 2.7% and earnings of $6.70 a share.

Additionally, the company said it raised its quarterly dividend by 1 cent to 56 cents a share, and also plans to repurchase $10 billion of its own stock in fiscal 2023.

CWEB Analyst’s believes now Walmart is a STRONG BUY  (NYSE:WMT) and potential upside of $2000. Amazon has less revenue and it is trading  over $3000. The fundamentals of Walmart are very strong and cash on hand has increased and staggering revenues have contributed to even bigger growth. 


Follow us on Google news for more updates and News

Full Disclaimer



Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.