(Walmart) Walmart Inc. announced a 21.4% increase in its operating income to $7.2 billion in the second quarter of 2022 from the second quarter of the last fiscal year, driven by an uptick in sales.
The retailer’s revenue in the second quarter of the fiscal year 2022 increased by 2.4% to $141 billion, from $137.7 billion in revenue in the prior year.
Walmart’s U.S. sales revenue increased 5.3% to $98.2 billion compared to the second quarter of the fiscal year 2021.
The company’s international net sales reduced to $23 billion in the second quarter, from $27.2 billion in the same quarter of the fiscal year 2021.
Sam’s Club segment revenue rose 9% to $18.6 billion, with a corresponding increase in operating income by 11.5% to $0.7 billion.
The Arkansas-based retailer announced a dividend of $1.5 billion in the second quarter of the fiscal year 2022, up by 0.9% from the same period of the fiscal year 2021.
The retailer repurchased $5.2 billion shares year-to-date, 25% of the total of $20 billion authorized shares.
Walmart Inc. projects that its full-year revenue will grow by $30 billion with an anticipated EPS of between $6.2 to $6.35 in the 2022 fiscal year.
WMT: NYSE is up + 0.62%.
