Walmart Has Strong Second Quarter Growth

Walmart saw strong top-line growth globally, partially driven by inflation, in its second quarter of 2022. Total revenue was $152.9 billion, up 8.4 per cent year-over-year, or 9.1 per cent in constant currency. U.S. comparable sales grew 6.5 per cent and 11.7 per cent on a two-year stack. eCommerce growth was up 12 per cent in the quarter. International net sales were $24.4 billion, an increase of $1.3 billion, or 5.7 per cent, negatively affected by $1 billion from currency fluctuations. Double-digit comparable sales were seen in its three largest markets of Mexico, Canada, and China.