Walmart’s revenue for the third quarter of 2022 was $152.81 billion, up 8.7% from $140.53 billion a year ago and higher than the expected consensus of $ 147.67 billion. The net loss attributed to the company was US$ 1.798 billion and reversed a profit of US$ 3.1 billion in the same period of 2021.
Adjusted earnings per share were $1.50, higher than the consensus expected $1.32 from analysts at FactSet.
“We had a good quarter with strong revenue and global growth led by Walmart and Sam’s Club USA, along with Flipkart and Walmex. The US continued to gain market share in supermarkets, helped by the growth of our food business,” says company CEO Doug McMillon.
The company also raised its forecast for sales growth in fiscal 2023 from 4.5% to 5.5%. Another improved forecast was adjusted earnings per share. Walmart changed its outlook from an 8% to 10% decline to a 6% to 7% decline.
For the fourth quarter of 2022, the company’s expectation for sales growth is 3%, with a negative effect of approximately US$ 1.3 billion from currency fluctuations. Operating profit is expected to decline 1% and earnings per share are expected to decline 5%.
At 9:56 am (Brasília time), the company’s share in the pre-market of the New York stock exchanges rose 6.53%.
Source: CNN Brasil
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