Walmart (WMT) Q1 2022 earnings

People talk outside a Wal-Mart pickup grocery store in Bentonville, Arkansas.

Rick Wilking | Reuters

Walmart will announce its results for the first quarter of its fiscal year on Tuesday before the bell.

According to Refinitive Consensus Estimates, Wall Street expects:

  • Earnings per share: $ 1.21
  • Revenue: $ 131.97 billion

The discounter’s results will show how much of its sales growth it has sustained, particularly in the e-commerce business, as more consumers get Covid-19 vaccinations and return to more typical pre-pandemic spending habits. Revenue growth in the same store rose 8.6% last fiscal year and US ecommerce growth rose 79% – a sharp trajectory that will be hard to come by.

Walmart expects net sales to grow in the low single digits, with operating income and earnings per share unchanged or rising slightly for this fiscal year if the effects of divestitures are not factored in. A more detailed forecast was not presented.

The company aims to drive customer loyalty with Walmart +, a subscription service launched in September. According to a recent estimate by Consumer Intelligence Research Partners, the company has between 8 and 9 million members. The program can also help the retailer boost other emerging businesses – like collecting more consumer data to use for their growing advertising business and selling new types of services to customers, from financial instruments to healthcare appointments.

At the close of trading on Monday, Walmart shares are down nearly 4% so far this year. The stock closed at $ 138.89 on Monday, bringing the company’s market value to $ 390.76 billion.

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