Earnings release
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Walmart Walmart U.S. Q3 comp sales¹ grew 9.2 % ; 15.6 % two - year stack ; Comp transactions up 5.7 % Q3 FY22 GAAP EPS of $ 1.11 ; Adjusted EPS2,3 of $ 1.45 Company expects Walmart U.S. Q4 comp sales of around 5 % ; Raises EPS guidance for third consecutive quarter Walmart U.S. inventory up 11.5 % ahead of holidays Walmart raises full - year guidance Walmart U.S. comp sales above 6 % , excluding fuel FY22 GAAP EPS of around $ 5.00 ; Adjusted EPS of around $ 6.40 versus prior guidance of $ 6.20- $ 6.35 FY22 capital expenditures of around $ 13 billion Total revenue was $ 140.5 billion , up 4.3 % , negatively affected by approximately $ 9.4 billion related to divestitures . Excluding currency² , total revenue would have increased 3.3 % to $ 139.2 billion . 4 Walmart U.S. eCommerce sales grew 8 % for the quarter and 87 % on a two - year stack . " Our momentum continues with strong sales and profit growth globally . Our omnichannel focus is pushing digital penetration to record levels . We gained market share in grocery in the U.S. , and more customers and members are returning to our stores and clubs around the world . Looking ahead , we have the people , the products , and the prices to deliver a great holiday season for our customers and members . " Doug McMillon President and CEO , Walmart Sam's Club comp sales¹ increased 13.9 % , and 25 % on a two - year stack . E - commerce sales grew 32 % . Membership income increased 11.3 % , which is the fifth consecutive quarter of double - digit growth . Walmart International net sales were $ 23.6 billion , a decrease of $ 5.9 billion , or 20.1 % , negatively affected by $ 9.4 billion related to divestitures . Changes in currency exchange rates positively affected net sales by approximately $ 1.3 billion . Flipkart , China , and Mexico delivered strong growth in eCommerce . Consolidated gross profit rate decreased 42 basis points , primarily due to increased supply chain costs , a higher mix of lower margin fuel business in the U.S. and a shifting international format mix . Consolidated operating expenses as a percentage of net sales declined 4 basis points reflecting strong sales growth and lower expenses for COVID - 19 , offset by investments in wages . Consolidated operating income was $ 5.8 billion , an increase of 0.2 % , negatively affected by $ 0.4 billion related to divestitures , or about 750 basis points . Repurchased $ 7.4 billion in shares year to date , representing around 35 % of the $ 20 billion authorization announced earlier this year . Comp sales for the 13 - week period ended October 29 , 2021 compared to 13 - week period ended October 30 , 2020 , and excludes fuel . See Supplemental Financial Information for additional information . 2 See additional information at the end of this release regarding non - GAAP financial measures . 3 Adjusted EPS excludes the effects , net of tax , of a loss on extinguishment of debt of $ 0.67 and net gains on equity investments of $ 0.33 . Fiscal year 2022 GAAP EPS and Adjusted EPS guidance reflects year to date GAAP EPS and Adjusted EPS , respectively , for the nine months ended October 31 , 2021 , and updated expectations for the fourth quarter . The Company's fourth quarter expectations exclude certain elements that the company cannot predict such as the impact of foreign exchange translation and externally adjusted items . NYSE : WMT November 16 , 2021 stock.walmart.com