Walmart U.S. Q2 comp sales1 grew 5.2%; 14.5% two-year stack; Comp transactions strong at 6.1%
Q2 FY22 GAAP EPS of $1.52; Adjusted EPS2,5 of $1.78
Company raises outlook for second consecutive quarter
Expecting FY22 Walmart U.S. comp sales of 5% to 6% and Global eCommerce sales of $75 billion.

Total revenue was $141.0 billion, up 2.4%, negatively
affected by approximately $8.9 billion related to
divestitures. Excluding currency2
, total revenue would
have increased 0.6% to $138.6 billion.

Walmart U.S. grew market share in grocery. Comp
transactions were strong at 6.1%, led by stores.
Walmart U.S. operating income increased 20.4%. Adjusted
operating income2
increased 12.0%.
Walmart U.S. eCommerce sales grew 6% and 103% on a
two-year stack.
Strong growth in advertising businesses globally, including
nearly doubling sales in Walmart U.S. versus last year.
Sam’s Club comp sales1
increased 7.7%, and eCommerce
sales grew 27%. Membership income increased 12.2% with
member count reaching an all-time high.
Walmart International net sales were $23.0 billion, a decrease of $4.1 billion, or 15.2%, negatively affected by
$8.9 billion related to divestitures. Changes in currency exchange rates positively affected net sales by
approximately $2.4 billion.
Consolidated gross profit rate decreased 15 basis points; Walmart U.S. increased 20 basis points. Consolidated
operating expenses as a percentage of net sales declined 81 basis points; adjusted3
declined 47 basis points.
Consolidated operating income was $7.4 billion, an increase of 21.4%, with strength across the company.
Consolidated operating income as a percentage of net sales increased 83 basis points; adjusted4
increased 50
basis points.
Repurchased $5.2 billion in shares year to date, representing around 25% of the $20 billion authorization
announced earlier this year.


1 Comp sales for the 13-week period ended July 30, 2021 compared to 13-week period ended July 31, 2020, and excludes fuel. See Supplemental Financial
Information for additional information.
2
See additional information at the end of this release regarding non-GAAP financial measures.
3
Adjusted consolidated operating expenses as a percentage of net sales excludes a 34 basis point impact for adjustments to fiscal 2021 operating expenses
reflected in the non-GAAP reconciliation of adjusted operating income at the end of this release.
4
Adjusted consolidated operating income as a percentage of net sales excludes a 33 basis point impact for adjustments to fiscal 2021 operating income
reflected in the non-GAAP reconciliation of adjusted operating income at the end of this release.
5
Adjusted EPS excludes the effects, net of tax, of net losses on equity investments of $0.26.

"We had another strong quarter in every part of
our business. Our global eCommerce sales are on
track to reach $75 billion by the end of the year,
further strengthening our position as a leader in
omnichannel. We grew market share in U.S.
grocery, added thousands of new sellers to our
marketplace, rapidly grew advertising businesses
around the world, and we’re finding innovative
ways to commercialize our data and build
technology. We have a unique ecosystem of
products and services designed to serve
customers in broader, deeper ways, and we’re
grateful to our associates for making it all
happen.”
Doug McMillon
President and CEO, Walmart

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