US retailer Walmart's net sales exceed $105 billion in Q4FY22

25 Feb '22

2 min read

Pic: Walmart

The net sales of Walmart US, a multinational retail corporation, has exceeded $105 billion in the fourth quarter of fiscal 2022. Walmart International net sales was $27 billion in the fourth quarter, a decrease of $7.9 billion, or 22.6 per cent, negatively affected by $10.1 billion due to divestitures. China, Mexico and Flipkart delivered strong growth.

In the fourth quarter of fiscal 2022, total revenue was recorded at $152.9 billion, up 0.5 per cent, negatively affected by $10.2 billion due to divestitures. Consolidated operating income was $5.9 billion. Adjusted operating income increased 5.9 per cent. Both were negatively affected by about 60 basis points due to divestitures, Walmart said in a press release.

In 2022, total revenue was $572.8 billion, up 2.4 per cent, negatively affected by $32.7 billion related to divestitures. Excluding currency, total revenue would have increased 1.6 per cent to $568.2 billion. Walmart International net sales decreased 16.8 per cent, negatively affected by approximately $32.6 billion related to divestitures.

“We had another strong quarter to finish off a strong year. We have momentum in our business in all three segments. We’re being aggressive with our plans and executing on the strategy. It’s exciting to see how the teams are simultaneously navigating today’s challenges and reshaping our business,” Doug McMillon, president and CEO, Walmart, said.

Fibre2Fashion News Desk (RR)

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