Robust quarterly growth for Walmart

By: Miguel A. Rodriguez

18:26, 18 May 2021

One of the largest American multinational retail corporations reported Q1 figures that beat Wall Street’s estimates

For the 2022 fiscal first quarter, Walmart posted an adjusted EPS of $1.69, topping the $1.21 consensus. At the same time, its revenue hit $138.31 billion versus the $131.97 billion expected. Compared to last year’s figures, revenue went up almost 3%.

Walmart’s same-store sales grew 6% in the US, significantly higher than the 0.9% initially touted. Moreover, e-commerce sales rose 37%.

However, for its international stores, the net sales were $27.3 billion, 8.3% lower than what it reported in fiscal 2021. The drop was caused by Walmart divesting part of its global business.

For the future, Walmart expects the “pent-up demand” (the demand for a service or product to be unusually strong) to continue. Walmart’s US operating income and the EPS are likely to increase in the high single-digits.

Following the news, Walmart stock price went up more than 4%.


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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.