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Flash Take: How Walmart’s Q2 Earnings Stack Up Against Our Forecasts

Article by Suzy Davidkhanian, Brian Lau, Peter Newman | Aug 16, 2022

Walmart just released its Q2 2022 earnings amid ongoing inflation and general economic uncertainty. In our first-ever, same-day competitive analysis, we dive into how the megastore is faring, how our own forecasts stack up against Walmart’s earnings, and what our analysts have to say about its future.

Q2 2022 Earnings Snapshot

Walmart’s US quarterly revenues increased by 8.4% YoY, versus 2.4% last quarter.
Its US online retail sales grew by 12% YoY.
Total net sales grew 7% versus last quarter's 4%.

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