Wal-Mart announced it reported a net profit of $ 3.56 billion, or $ 1.28 per share, in the fourth quarter of 2021, compared to a loss of $ 2.09 billion, or 74 cents per share, for the same period of the year. previous.
Excluding extraordinary balance sheet items, the discount chain giant earned $ 1.53 earnings per share on an adjusted basis, better than the $ 1.50 per share expected by analyst consensus.
Revenue was $ 152.87 billion, better than the expected $ 151.53 billion. The giant said it expects EPS growth on an adjusted basis between 5-6% for the new fiscal year, above the average of the consensus outlook.
Wal-Mart confirmed the US inflation problem, with CFO Brett Biggs saying in an interview with CNBC that the company is closely monitoring price differences at a time when the costs of meat and other food items grow.
Eye to the turnover of the e-commerce division which, in the United States, increased by 1% on an annual basis, flying by 70% compared to the fourth quarter of 2019, or compared to the period before the Covid-19 pandemic. The stock posted a rise in premarket trading on Wall Street up to around + 2%.