Walmart Q4 2022 Results- Profit Missed
Walmart on Tuesday reported quarterly earnings that missed Wall Street’s expectations by a wide margin.
The nation’s largest retailer, Walmart felt pressure from rising fuel costs and higher levels of inventory.
Walmart Q4 2022 Results- Fuel Cost
Walmart Q4 2022 Results- Outlook for Sales
Walmart company raised its outlook for sales this year, saying it expects net sales to increase about 4% in constant currency.
Earnings per share for the year will decrease by about 1% compared with the mid single-digit.
Walmart Q4 2022 Results- Earning Per Share
Walmart Q4 2022 Results- CFO Statement
CFO Brett Biggs said the significant jump in fuel prices, elevated labor costs and aggressive inventory levels weighed.
Walmart employees returned from Covid leave quicker than expected and caused the company to become overstaffed.
Walmart Q4 2022 Results- Overstaffed
Walmart Q4 2022 Results- Net Income
Walmart’s net income fell to $2.05
billion, or 74 cents per share, from $2.73 billion, or 97 cents per share.
Total revenue rose to $141.57 billion from $138.31 billion a year earlier, above
Wall Street’s expectations of $138.94 billion.
Walmart Q4 2022 Results- Total Revenue
Walmart Q4 2022 Results- Swipe Up!!!
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