On Tuesday, February 21, 2022, Walmart surprised the market with strong results beating expectations, though investors were less impressed with the company’s cautious outlook for fiscal 2024. Walmart saw meaningful growth across the enterprise, Walmart U.S., and Sam’s Club in the quarter and the year. December was the highest-ever sales month for Walmart U.S. and Walmart Inc. surpassed $600 billion in revenue for the first time last year. eCommerce and advertising continue to grow in the U.S. and around the world, and Walmart plans to continue investing in these areas in the year to come. According to CEO Doug McMillon, “The three headlines are strong results, great team, bright future.
You can download the full Harvest Group Walmart Q4 2022 Earnings Recap with unique takeaways for Suppliers here:
