Walmart published its quarterly results this Thursday, February 17, and the numbers are positive. First of all, the most salient figure is that the company beat estimates thanks to an increase in sales of food and gifts during the festive months and during the holidays in some regions.
Another important fact: the brand will focus on value amid widespread nervousness due to inflation pressure.
Walmart also said it is “on track” to achieve its long-term growth goals, a process that would require an increase in earnings per share of around 4 to 5 percent.
In this context, Walmart shares rose 1 percent in the Wall Street premarket.
The releasewhich bears the signature of Walmart CFO Brett Biggs, says that are watching prices closely as inflation hits costs, especially meat-based products and other foods in general. “We are aware that consumers are focused on the issue of inflation and in that sense we will continue to analyze the prices of the products that are key to making sure we help,” he explained.
Inflation and the results of Walmart’s finances
In the quarter ended Jan. 31, Walmart posted earnings per share of $1.53, versus $1.50 expected. Revenues, meanwhile, totaled 152.8 billion dollars (estimated 151.5 billion).
Net profit was $3.56 billion, a notable growth from the same period last year, when it had a loss of just over $2 billion.
Walmart online sales plateau
One fact that can be seen in Walmart’s financial report is that sales in physical stores grew remarkably: In the United States, for example, they increased by 5.6 percent.
However, Walmart’s ecommerce in that same country barely grew 1 percent compared to the same quarter of the previous year. Comparing with two years before, 70 percent more.
Sam’s Club, owned by Walmart, saw an increase in both sales and membership. Its sales in physical stores grew 10.3 percent in the fourth quarter compared to the same period a year earlier.
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