SA: Walmart rallies (briefly, pre-mkt) after US comparable sales dazzle

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SEEKING ALPHA reports:

– Walmart (NYSE:WMT) reports revenue was up 4.3% to $140.5B in Q3 and comparable sales in the U.S. were up 9.9% vs. +6.9% consensus. Transactions were 5.7% higher in the U.S. and the average ticket was 3.3% higher.

– The retail giant’s U.S. e-commerce sales rose 8% in the quarter and were 87% higher than the same quarter two years ago. Sam’s Club sales increased 13.9% and Sam’s membership income was up 11.3%.

– Consolidated operating expenses as a percentage of sales fell 4 basis points as strong sales growth and lower expenses for COVID-19 were offset by investments in wages. Total operating income was down 1.1% Y/Y to $5.7B on a constant currency basis…

The full post can be read here (free reg. required).

The full release concerning Q3 FY22 earnings can be dowloaded here.

Now read this: “Walmart tops earnings estimates, wins back grocery shoppers as inflation heats up“.

Stock up as much as 2% in pre-market trade; down 2.55% to $143.17 by the end of the trading session on Tuesday.