Walmart (WMT) Tops Q3 EPS by 18c, Offers Guidance

(Updated - November 15, 2022 7:12 AM EST)

Walmart (NYSE: WMT) reported Q3 EPS of $1.50, $0.18 better than the analyst estimate of $1.32. Revenue for the quarter came in at $152.8 billion versus the consensus estimate of $147.55 billion.

• Walmart U.S. grew comp sales 8.2%, with unit growth in food, and eCommerce up 16%

Company raises full-year outlook :

Fourth quarter

• • Consolidated net sales growth of about 3.0%, negatively affected by approximately $1.3 billion from currency fluctuations.
• • Walmart U.S. comp sales, excluding fuel, of about 3.0%.
• • Consolidated operating income increase 1.0% to decline 1.0%
• • Adjusted earnings per share decline of 3.0% to 5.0%.

Fiscal Year 2023

The company raises full-year outlook to reflect third quarter performance:

• • Consolidated net sales growth of about 5.5%. Excluding divestitures3 , consolidated net sales growth of about 6.5%. Based on current exchange rates, the company expects a headwind of about $4.1 billion for the year.
• • Walmart U.S. comp sales growth, excluding fuel, of about 5.5%.
• • Consolidated adjusted operating income decline of 6.5% to 7.5%, which improved from the company’s prior guidance of a decline of 9.0% to 11.0% and reflects better performance in the third quarter. Excluding divestitures3 , consolidated adjusted operating income decline of 5.5% to 6.5%.
• • Adjusted earnings per share decline of 6.0% to 7.0%. Excluding divestitures3 , adjusted earnings per share decline of 5.0% to 6.0%.

For earnings history and earnings-related data on Walmart (WMT) click here.

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