WalmartIn an earnings announcement on the 17th (local time), the company announced that its sales in the fourth quarter of fiscal 2022 (from November last year to January this year) recorded $152.9 billion (about 18 trillion won), up 0.5% from the same period last year. Net income was $3.56 billion, turning to black from a loss of $2.09 billion in the same period last year. Both sales and net profit exceeded analysts’ expectations.
Doug McMillan Walmart “The year ended on a solid basis with solid quarterly results,” said the CEO.
WalmartIt is analyzed that the company has successfully responded to the supply chain crisis caused by COVID-19. The increased transportation costs were addressed by raising retail prices. With the global supply chain paralyzed ahead of the holidays, it was urgent to secure supplies, so this year, it independently injected chartered ships and containers to secure inventory. Walmart An official said, “U.S. inventories increased by about 28% as port congestion eased.” The fact that more than two-thirds of its products are procured from the United States also helped overcome the supply chain crisis.
WalmartIn order to cope with the job shortage, the company also raised wages three times last year. The average hourly wage for a store worker is $16.4.
Business diversification is also cited as a factor in achieving favorable results. “New businesses, such as and online grocery delivery, are gaining momentum,” McMillan said. Walmart service WalmartConnect revenue reached $2.1 billion. E-commerce also continued to thrive. Walmarte-commerce sales increased by 70% compared to the same period two years ago.
on this day Walmartalso announced plans to buy back shares and raise dividends. It has decided to buy back at least $10 billion worth of treasury stock this year and raise its dividend by 1 cent to 56 cents per share. thanks to this news Walmart The stock closed at $138.88, up 4.01% from the previous day.
Reporter Jooyeon Park [email protected]
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