5 Earnings Reports You Don’t Want to Miss

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 63

Shares of Walmart Inc. (NYSE:WMT) rose over four percent on Thursday, February 17, 2022, following its upbeat financial performance for the fourth quarter. The Arkansas-based retail giant posted adjusted earnings of $1.53 per share, surpassing expectations of $1.50 per share.

Revenue for the quarter came in at $152.87 billion, marginally above $152.08 billion in the year-ago period and above the consensus of $151.54 billion. In addition, Walmart Inc. (NYSE:WMT) reported that its same-store sales in the U.S. grew 5.6 percent.

In comparison, same-store sales at its membership-only retail warehouse Sam’s Club increased 10.4 percent in the quarter. Moreover, its U.S. e-commerce sales inched up 1 percent on a year-over-year basis.

Discussing the results, CEO of Walmart Inc. (NYSE:WMT), Doug McMillon, said:

“We had another strong quarter to finish off a strong year. We have momentum in our business in all three segments. We’re being aggressive with our plans and executing on the strategy. It’s exciting to see how the teams are simultaneously navigating today’s challenges and reshaping our business.”