MADRID, 16 Ago. (EUROPA PRESS) –
The American retail distribution chain Walmart obtained an attributed net profit of 5,149 million dollars (5,045 million euros) between the months of May and July, the second quarter of its fiscal year, which represents an improvement of 20.4 percent in comparison with its result for the same period of the previous year.
Walmart’s turnover in the second quarter of its fiscal year increased by 8.4 percent, to 152,859 million dollars (149,781 million euros), according to the company in a statement.
Walmart sales in the United States totaled 105,130 million dollars (103,013 million euros), 7.1 percent more, while internationally they grew 5.7 percent, to 24,350 million dollars (23,860 million euros ). On its side, the Sam’s Club chain had a turnover of 21,901 million dollars (21,460 million euros), 17.5 percent more.
In the first six months of its fiscal year, the American distribution giant achieved an attributed net profit of 7,203 million dollars (7,058 million euros), 2.8 percent more than in the first half of the previous year, while that the turnover grew by 5.4 percent, to 294,428 million dollars (288,500 million euros).
“We’re pleased to see more customers choosing Walmart during this inflationary period and we’re working hard to support them as they prioritize their spending,” said Doug McMillon, president and CEO of Walmart, noting that steps taken to improve inventory levels at The US, along with a stronger mix of grocery sales, “put pressure on the profit margin for the second quarter and the outlook for the year.”
For the year as a whole, the multinational expects an increase in net sales of around 4.5 percent and, excluding divestments, around 5.5 percent.
Likewise, the chain anticipates that its adjusted earnings per share will fall between 9 percent and 11 percent, which, excluding the impact of divestments, will limit the decline to a range between 8 percent and 10 percent.
Taking into account the current level of exchange rates, Walmart anticipates an adverse impact in the second half of the year of about 2,100 million dollars (2,058 million euros).