Market Updates
Walmart U.S. Comparable Store Sales Rise 6.5%
Scott Peters
16 Aug, 2022
New York City
Walmart Inc increased 6.2% to $140.81 after the retailer reported better-than-expected revenues and earnings in the second and also lowered its decline in annual earnings than previously expected.
Total revenues in the second quarter increased 8.4% to $152.9 billion and net income rose 20.4% to $5.2 billion from $4.3 billion a year ago.
Number of transactions, excluding fuel sales, increased 1% at the U.S. locations and average ticker size rose 5.5% from a year ago.
Diluted earnings per share increased $1.88 from $1.52 a year ago.
Comparable sales, excluding fuel, increased 6.5% at the U.S. Walmart location and surged 9.5% at Sam's Club.
In the quarter, Sam's Club transactions increased 9.8% but average ticket size decreased 0.2%. from a year ago.
The retailer said full-year total sales are expected to rise 4.5% and the U.S. sales, excluding fuel, are estimated to increase 4% and in the second-half expand 3%.
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