Walmart (WMT) Tops Q2 EPS by 22c, Q3 and Full-Year EPS Guidance Tops Consensus
Walmart (NYSE: WMT) reported Q2 EPS of $1.78, $0.22 better than the analyst estimate of $1.56. Revenue for the quarter came in at $141 billion versus the consensus estimate of $136.74 billion.
- Walmart U.S. grew market share in grocery. Comp transactions were strong at 6.1%, led by stores.
Guidance:
Walmart sees Q3 EPS of $1.30 to $1.40 vs consensus of $1.31.
Walmart sees FY EPS of $6.20 to $6.35 vs consensus of $6.02.
| Metric | FY22 Guidance at 5.18.21 | New FY22 Guidance | ||||||
| Consolidated net sales | Decline low single-digits in constant currency •Excluding divestitures1, consolidated net sales growth up low-to-mid single-digits | Slightly positive in constant currency •Excluding divestitures1, consolidated net sales growth up 6% to 7%, or more than $30 billion | ||||||
| Comp sales growth | •Walmart U.S., up low single-digits, ex. fuel •Sam’s Club, up low single-digits, ex. fuel and tobacco | •Walmart U.S., up 5% to 6%, ex. fuel •Sam’s Club, up 7.5% to 8.5%, ex. fuel and tobacco | ||||||
| Walmart International net sales | Decline 20% to 25% in constant currency due to divestitures1 •Increase mid single-digits, excluding divestitures1 | Decline 21.5% to 22.5% in constant currency due to divestitures1 •Increase 7% to 8%, excluding divestitures1 | ||||||
| Consolidated expense leverage | Maintain rate, or slightly leverage | Slightly leverage | ||||||
| Consolidated operating income | Increase mid single-digits in constant currency •Increase high single-digits, excluding divestitures1 in constant currency | Increase 9% to 11.5% in constant currency •Increase 11.5% to 14%, excluding divestitures1 in constant currency | ||||||
| Walmart U.S. operating income | Increase high single-digits | Increase 11% to 13.5% | ||||||
| Effective tax rate | 24.5% to 25.5% | No change | ||||||
| EPS | Increase high single-digits •Increase low double-digits, excluding divestitures1 | $6.20 to $6.35 | ||||||
| Capital expenditures | Around $14 billion | No change | ||||||
| Metric | Q3 FY22 Guidance | |||||||
| Comp sales growth | Walmart U.S., up 6% to 7%, excluding fuel | |||||||
| EPS | $1.30 to $1.40 | |||||||
For earnings history and earnings-related data on Walmart (WMT) click here.