Walmart reports increased sales, growth for Sam's Club in latest results

Walmart has announced its Q4 and full-year results from fiscal year 2022. In the latest quarter, net sales exceeded $150 billion, and eCommerce sales grew 1% and 70% on a two-year stack. The company also reported strong growth for Sam’s Club.

“We had another strong quarter to finish off a strong year,” said Walmart president and CEO Doug McMillon. “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.”

The strong sales report comes as Walmart continues to add new private label and exclusive items like the recently expanded Gerber Childrenswear line and jewelry lines from Simone I. Smith. Walmart also recently unveiled its new interactive store design.

Walmart said in Q4 of fiscal 2022, the 13-week period ended Jan. 28, total revenue was $152.9 billion, up 0.5%, but was negatively affected by $10.2 billion due to divestitures. Walmart International net sales were $27 billion, a decrease of $7.9 billion from the previous quarter. Consolidated operating income was $5.9 billion, as Walmart saw a 7.3% increase from the Q3. Adjusted operating income increased 5.9%. 

Sam’s Club comp sales increased 10.4% compared to Q4 of fiscal 2021, and 21.2% compared to fiscal 2020. In Q4, membership increased 9.1%. A recent report from Placer.ai showed that wholesale clubs, including Sam’s Club, saw increased foot traffic in Q4 compared to the two previous years.

For the full-year fiscal 2022, also ended Jan. 28, total revenue was $572.8 billion, up 2.4% from the previous year. U.S. sales rose 6.4% and 15% on a two-year stack, and eCommerce sales grew 11% and 90% on a two-year stack. Sam’s Club comp sales increased 9.8% and 21.6% on a two-year stack, with membership increasing 11.3% in fiscal year 2022.

The full earnings report can be found here.