U.S. retailer Walmart’s e-commerce sales increase 8% in third quarter of fiscal 22

US retailer Walmart’s online sales increased 8% in the third quarter of fiscal 2022 and 87% over a two-year period. While Walmart International’s net sales were $ 23.6 billion for the third quarter of fiscal 2022, a decline of $ 5.9 billion, or 20.1%, was negatively affected by 9 , $ 4 billion related to divestments.

Changes in exchange rates positively impacted net sales by approximately $ 1.3 billion. Flipkart, China and Mexico have seen strong growth in e-commerce, Walmart said in its press release.

Walmart’s total revenue for the third quarter of fiscal 2022 was $ 140.5 billion, up 4.3%, negatively affected by about $ 9.4 billion related to divestitures. Excluding currencies, total revenues would have increased 3.3% to $ 139.2 billion.

For the third quarter of fiscal 2022, Walmart’s consolidated operating profit was $ 5.8 billion, an increase of 0.2%, negatively affected by $ 0.4 billion related to disposals, or around 750 basis points. Adjusted EPS of $ 1.45 excludes the effects, net of tax, of a loss on debt extinction of $ 0.67 and net gains on equity investments of $ 0.33.

“Our momentum continues with strong sales and profit growth globally. Our omnichannel goal is pushing digital penetration to record levels. We have gained market share in the grocery store in the United States, and more customers and members are returning to our stores and clubs around the world. Looking forward, we have the people, products and prices to deliver a great holiday season for our customers and members ”, Walmart President and CEO Doug McMillon noted.

Walmart has repurchased $ 7.4 billion of shares since the start of the year, which is about 35% of the $ 20 billion authorization announced earlier this year.

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