Walmart Q4 2022 Earning Announced but it Missed Investor Expectations

Walmart Q4 2022 Results- Profit Missed

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The nation’s largest retailer, Walmart felt pressure from rising fuel costs and higher levels of inventory.

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Walmart Q4 2022 Results- Outlook for Sales

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Earnings per share for the year will decrease by about 1% compared with the mid single-digit.

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Walmart Q4 2022 Results- CFO Statement

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Walmart employees returned from Covid leave quicker than expected and caused the company to become overstaffed.

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Walmart Q4 2022 Results- Net Income

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Total revenue rose to $141.57 billion from $138.31 billion a year earlier, above Wall Street’s expectations of $138.94 billion.

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Walmart Q4 2022 Results- Swipe Up!!!

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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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